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BUYINS.NET: ETH, SPF, THO, WPL, FPP, ABMD Have Been Removed From Naked Short List Today

Thu. June 19, 2008; Posted: 10:00 AM
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Jun 19, 2008 (M2 PRESSWIRE via COMTEX) -- WPL | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Ethan Allen Interiors Inc. (NYSE: ETH), Standard Pacific Corp. (NYSE: SPF), Thor Industries Inc. (NYSE: THO), W.P. Stewart & Co. Ltd. (NYSE: WPL), FieldPoint Petroleum Corp. (AMEX: FPP), ABIOMED Inc. (NASDAQ: ABMD). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.

Ethan Allen Interiors Inc. (NYSE: ETH | Quote | Chart | News | PowerRating) engages in manufacturing and retailing home furnishings and accessories. The company involves in the design, manufacture, sourcing, sale, and distribution of a range of home furnishings and accessories, as well as related marketing and brand awareness efforts. It also sells home furnishings and accessories to consumers through a network of company-owned design centers. The company's products include beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, bathroom vanities, and wood accents. It also offers upholstery home furnishing items, such as sleepers, recliners, chairs, sofas, loveseats, cut fabrics, and leather, as well as home accessory and other items, including window treatments, wall decor, lighting, clocks, bedspreads, decorative accessories, area rugs, bedding, and home and garden furnishings. As of June 30, 2007, the company sold its products through 313 retail design centers comprising 158 company-owned and operated centers, and 155 independently-owned and operated centers. It sells its products in the United States, Canada, the Middle East, and Asia. Ethan Allen Interiors was founded in 1932 and is headquartered in Danbury, Connecticut. With 28.69 million shares outstanding and 12.34 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of ETH. According to quarterly data provided by the SEC, there were still 17,631 shares of ETH that were failing-to-deliver as of September 28, 2007.

Standard Pacific Corp. (NYSE: SPF | Quote | Chart | News | PowerRating) operates as a builder of single-family attached and detached homes in the United States. The company also provides mortgage financing and title services through its subsidiaries and joint ventures. As of December 31, 2007, the company had 236 projects under development. Standard Pacific operates in various metropolitan markets in California, Florida, Arizona, Texas, the Carolinas, Colorado, and Nevada. The company was founded in 1986 and is headquartered in Irvine, California. With 72.92 million shares outstanding and 43.07 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of SPF. According to quarterly data provided by the SEC, there were still 222,859 shares of SPF that were failing-to-deliver as of September 28, 2007.

Thor Industries Inc. (NYSE: THO | Quote | Chart | News | PowerRating) Thor Industries, Inc., together with its subsidiaries, manufactures and sells recreation vehicles, and small and mid-size buses, as well as related parts and accessories in the United States and Canada. It offers various recreation vehicles, including Airstream Safari, International, Bambi, and Base Camp travel trailers; Interstate Class B motorhomes; gasoline and diesel Class C and Class A motorhomes; fifth wheels; truck campers; and Park models. The company also manufactures and sells buses for transit, airport car rental and hotel/motel shuttles, paramedical transit for hospitals and nursing homes, tour and charter operations, and other uses. It sells its vehicles through independent dealers to municipalities and private purchasers, such as rental car companies and hotels. The company has a joint venture with Cruise America, Inc., which provides short-term rentals of motorized recreation vehicles to the public; and with GE Consumer Finance that offers retail credit to purchasers of recreation vehicles. Thor Industries was founded in 1980 and is based in Jackson Center, Ohio. With 55.5 million shares outstanding and 13.87 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of THO. According to quarterly data provided by the SEC, there were still 14,510 shares of THO that were failing-to-deliver as of September 11, 2007.

W.P. Stewart & Co. Ltd. (NYSE: WPL | Quote | Chart | News | PowerRating) is a privately owned investment manager with approximately $8.4 billion ($8.34 billion) assets under management. The firm provides its services to high net-worth individuals, trusts, partnerships, private corporations, and other institutions. It manages separate client-focused equity and fixed income portfolios and investment funds. The firm invests in public equity and fixed income markets across the globe. It primarily invests in growth stocks of all-cap companies employing a fundamental analysis to create its portfolios. The firm benchmarks the performance of its equity portfolio against indexes such as S&P 500, WPS Pre-Fee, and WPS Post Fee It employs a combination of in-house and external research to make its investments. WP Stewart & Co. was founded in 1975 and is based in Hamilton, Bermuda with additional offices in New York City; London, United Kingdom; and Wanchai, Hongkong. With 47.57 million shares outstanding and 1.43 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of WPL. According to quarterly data provided by the SEC, there were still 1,077,607 shares of WPL that were failing-to-deliver as of September 28, 2007.

FieldPoint Petroleum Corp. (AMEX: FPP | Quote | Chart | News | PowerRating) engages in the acquisition, operation, and development of oil and natural gas properties in the United States. Its properties are primarily located in Louisiana, New Mexico, Oklahoma, South-Central Texas, and Wyoming. As of December 31, 2007, the company had proved developed reserves of 769,319 barrels of oil and 1,785,240 thousand cubic feet gas; and proved undeveloped reserves of 115,930 barrels of oil and 958,021 thousand cubic feet gas reserves. It also had varying ownership interest in 359 gross productive wells. The company was founded in 1980 and is based in Cedar Park, Texas. With 8.91 million shares outstanding and 9,600 shares declared short as of May 2008, there is no longer a failure to deliver in shares of FPP.

ABIOMED Inc. (NASDAQ: ABMD | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the research, development, and sale of medical devices to assist or replace the pumping function of the failing heart. It manufactures and sells AB5000 Circulatory Support System and BVS 5000 Biventricular Support System for temporary support of acute heart patients in profound shock, including patients suffering from cardiogenic shock after a heart attack, post-cardiotomy cardiogenic shock, or myocarditis. The company also offers Impella 2.5 and 5.0 catheters, which are percutaneous micro heart pumps with integrated motors and sensors for use in interventional cardiology and heart surgery; and Impella RD and LD heart pumps. In addition, it provides IAB used in the cath lab as an initial line of therapy for patients with diminished heart function; and iPulse console designed to support its AB5000 and BVS 5000 systems, as well as other manufacturers' intra-aortic balloons. Further, ABIOMED offers AbioCor Implantable Replacement Heart, a self-contained artificial heart for severe biventricular heart failure; and Cannulae that connect the ventricle or blood pump to the heart and an associated artery. It sells its products through direct sales representatives and clinical support personnel in the United States; international sales and distribution agreements in Australia, China, Italy, Japan, Latin America, and Spain; and distributors in certain European and Middle Eastern countries. The company was founded in 1981 and is headquartered in Danvers, Massachusetts. With 32.63 million shares outstanding and 3.32 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of ABMD. According to quarterly data provided by the SEC, there were still 10,269 shares of ABMD that were failing-to-deliver as of September 27, 2007.

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, www.buyins.net/squeezetrigger.pdf. The SqueezeTrigger database of nearly 2,000,000,000 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 month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.

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. 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 may receive compensation in cash or shares from independent third parties or from the companies mentioned.

BUYINS.NET affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Thomas Ronk.

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.

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 Securities and Exchange Commission.

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.

CONTACT: Thomas Ronk, CEO, BUYINS.NET Tel: +1 800 715 9999 e-mail: Tom@buyins.net WWW: http://www.buyins.net

M2 Communications Ltd 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 info@m2.com.

For full details on Abiomed Inc (ABMD) click here. Abiomed Inc (ABMD) has Short Term PowerRatings of 7. Details on Abiomed Inc (ABMD) Short Term PowerRatings is available at This Link.

    


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