TMCnet News

BUYINS.NET: 49.65% Of All NASDAQ Trading Monday Was Short Selling. OTIX, AXTI, TGEN, VTRO, BNVI, INFN Highest % Of Daily Trading Volume Short
[October 13, 2009]

BUYINS.NET: 49.65% Of All NASDAQ Trading Monday Was Short Selling. OTIX, AXTI, TGEN, VTRO, BNVI, INFN Highest % Of Daily Trading Volume Short


Oct 13, 2009 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Monday, October 12th, 2009 and come to the following statistical conclusions. There were 6,705 stocks with daily short volume reported and total NASDAQ trading volume of 1,240,168,455 shares. Total Daily Short Volume was 615,765,363 shares. 49.65% of all trading on the NASDAQ Monday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Otix Global (NASDAQ: OTIX), AXT Inc. (NASDAQ: AXTI), Targeted Genetics (NASDAQ: TGEN), Vertro (NASDAQ: VTRO), Bionovo (NASDAQ: BNVI) and Infinera (NASDAQ: INFN). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.



DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT 20091012 OTIX 103,202 103,402 Q 99.81% 20091012 AXTI 48,100 48,600 Q 98.97% 20091012 TGEN 82,150 95,121 Q 86.36% 20091012 VTRO 47,522 56,222 Q 84.53% 20091012 BNVI 957,139 1,144,056 Q 83.66% 20091012 INFN 182,551 225,323 Q 81.02% In late October 2008 the SEC updated Regulation SHO requiring that all short sellers must locate, borrow and deliver any shares they have shorted, no exceptions, by T+3 settlement date. If not, a buy-in must be forced by the broker dealer that the short seller transacted through by the opening of the market on T+4. Since a company first appears on the naked short list when short sellers have been failing to deliver for 5 consecutive trading days, stocks should theoretically never be on the naked short list again. BUYINS.NET will monitor the exchangesa naked short lists daily and issue an alert and notify the SEC and FINRA should short sellers fail to deliver on any short sales.

Reg SHO Rule 204 (i) requires brokers to deliver shares on long and short sales of publicly traded equity securities by settlement date, (ii) continues to require brokers to close-out fails to deliver by the beginning of trading on T+4 for short sales and T+6 for long sales, (iii) precludes clearing brokers and their introducing brokers from selling short a security, other than on a pre-borrowed basis, if a fail to deliver in that security is not timely closed out until the fail is closed out and that close-out transaction settles, (iv) allows clearing brokers to allocate fails to introducing brokers and (v) continues to permit brokers to rely upon pre-fail credit to satisfy Rule 204's close-out requirement to avoid the pre-borrow requirements when a fail at a clearing broker has not been closed out. However, the SEC liberalized certain of these provisions in several regards. For example, permanent Rule 204 now allows a broker to close-out a fail on a long sale by borrowing the security, whereas Rule 204T had only permitted closing out long fails by buying-in, which should alleviate some of the buy-in risk for investors that experience long fails. Similar relief was extended to close-outs for market maker fails, so that a fail from a bona fide market making transaction (including short and long fails) can now be closed out by the beginning of trading on T+6 by borrowing the security. Further, Rule 204 now permits a broker to borrow securities to obtain pre-fail credit for early close-outs, whereas temporary Rule 204T only permitted pre-fail credit to be obtained by purchases of securities.


The SEC refused requests to extend the close-out deadline for fails to deliver to the close of business on the close-out deadline, choosing instead to retain the requirement that all fails be closed out by the beginning of trading on the applicable close-out deadline. The Commission also rejected requests for a fail to deliver exception that would have provided an exception from the close-out requirements if a clearing broker's fail position was below a certain amount but said that it would continue to monitor whether a de minimis or odd lot exception could be warranted.

Otix Global, Inc. (NASDAQ: OTIX) designs, develops, manufactures, and markets digital hearing aids to hearing impaired consumers. The company offers Velocity, Ion, Balance, Innova, Applause, Natura Pro, Natura 2, Tribute, and Quartet hearing aid product lines that incorporate its digital signal processing technology. It provides its products in various models, which include behind-the-ear, in-the-ear, half-shell, in-the-canal, mini-canal, and completely-in-the-canal. The company sells its products to hearing care professionals, hearing impaired consumers, and distributors. It operates in North America, the United States, Canada, Europe, Germany, Austria, and Australia. The company was formerly known as Sonic Innovations, Inc. and changed its name to Otix Global, Inc. in May 2009. Otix Global, Inc. was founded in 1997 and is headquartered in Salt Lake City, Utah.

AXT, Inc. (NASDAQ: AXTI), together with its subsidiaries, designs, develops, manufactures, and distributes compound and single element semiconductor substrates for wireless communications, lighting display applications, and fiber optic communications applications. The company offers semi-insulating substrates made from gallium arsenide, which are used in power amplifiers and radio frequency integrated circuits of wireless handsets; direct broadcast televisions; high-performance transistors; and satellite communications applications. It also provides semi-conducting substrates made from gallium arsenide that are used for applications in light emitting diodes, lasers, and optical couplers; substrates made from indium phosphide used in broadband and fiber optic communications; and substrates made from germanium used in satellite and terrestrial solar cells and for optical applications. The company manufactures its semiconductor substrates using its proprietary vertical gradient freeze technology. AXT, Inc. sells its products through direct sales force in the United States, as well as through independent sales representatives in France, Germany, Japan, South Korea, Taiwan, and the United Kingdom. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was founded in 1986 and is based in Fremont, California.

Targeted Genetics Corporation (NASDAQ: TGEN), a clinical-stage biotechnology company, engages in the research and development of gene therapy products and technologies for treating acquired and inherited diseases. Its products include rAAV1-SERCA2a, a Phase I/II clinical trial product used for the treatment of heart failure; and tgAAC09, an adeno-associated virus prophylactic vaccine candidate, which is in Phase I and Phase II clinical trials to protect against the progression of human immunodeficiency virus infection to AIDS. The companyas products also comprise tgAAC94, which is in Phase II trials for the treatment of inflammatory arthritis, including rheumatoid arthritis, psoriatic arthritis, and ankylosing spondylitis; RNAi for the treatment of Huntingtonas disease; and Inhibition of NADPH oxidase, which is in preclinical stage used for the treatment of amyotrophic lateral sclerosis. The company has collaborative and license agreements with Sirna Therapeutics, Celladon Corporation, International AIDS Vaccine Initiative, National Institute of Allergy and Infectious Diseases, and Amsterdam Molecular Therapeutics B.V. Targeted Genetics Corporation was founded in 1989 and is based in Seattle, Washington.

Vertro, Inc. (NASDAQ: VTRO), an Internet company, owns and operates the ALOT product portfolio. The ALOT brand includes home page, desktop application, and Internet browser toolbar products that are designed to make the Internet easy by increasing the way consumers engage with content online. Vertroas users utilize ALOT to discover third party content; display that content through customizable toolbar, homepage, and desktop products; and deliver high value search traffic for in-house and third-party monetization. It was formerly known as MIVA, Inc. and changed its name to Vertro, Inc. in June 2009. The company was founded in 1995 and is based in Fort Myers, Florida.

Bionovo, Inc. (NASDAQ: BNVI), a clinical stage drug discovery and development company, focuses on womenas health and cancer primarily in the United States. Its lead drug candidate, Menerba, is a receptor sub-type selective estrogen receptor modulator for the treatment of vasomotor symptoms of menopause. Bionovo, Inc. also develops BZL101, an oral anti-cancer agent for advanced breast cancer, as well as VG101, a preclinical drug candidate for the treatment of post-menopausal vulvar and vaginal atrophy. The company was founded in 2002 and is based in Emeryville, California.

Infinera Corporation (NASDAQ: INFN) develops and commercializes DTN System, a digital optical networking system in the United States. Its DTN System utilizes the photonic integrated circuit (PIC) technology to enable digital processing and management of data with the capability to generate wavelength division multiplexing wavelengths and to add, drop, switch, manage, protect, and restore network traffic digitally. The companyas PICs transmit and receive 100 Gigabits per second of optical capacity and incorporate the functionality of approximately 60 discrete optical components into a pair of indium phosphide chips. The DTN System is used to enable optical to electrical to optical conversion of communications signals; and designed to serve as the key element for long-haul and metro optical transport networks of the U.S. and international communications service providers. It also offers a range of support offerings, including 24/7/365 hardware and software technical support, installation and deployment services, on-site technical services, professional services, product technical training, and extended product warranties. The company offers its products to operators of optical networks, including telecom carriers, cable operators, Internet or content service providers, and other service providers. Infinera Corporation, formerly known as Zepton Networks, was founded in 2000 and is headquartered in Sunnyvale, California.

About BUYINS.NET WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,650,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each monthas short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.

All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Occassionally companies or third parties pay $995 per month to purchase data for information provided in monthly reports. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

BUYINS.NET and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.NET, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor.By visiting BUYINS.NET or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. BUYINS.NET, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to BUYINS.NET and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State.

Past performance is not a guarantee of future outcomes. Any and all examples are hypothetical and should not be considered a guarantee or endorsement of such trading activity. BUYINS.NET does not take responsibility for problems of any kind, including but not limited to issues with operations, data accuracy or completeness, contacting issues, technical issues, and timeliness. BUYINS.NET places great integrity on the data collected and distributed. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.

Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

CONTACT: Thomas Ronk, CEO, BUYINS.NET Tel: +1 800 715 9999 e-mail: [email protected] WWW: http://www.buyins.net ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected].

[ Back To TMCnet.com's Homepage ]