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BUYINS.NET: MXWL, PCYC, PFCB, PSEC, PVTB, SYBT Have Also Been Removed From Naked Short List Today

Wed. July 02, 2008; Posted: 10:06 AM
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Jul 02, 2008 (M2 PRESSWIRE via COMTEX) -- SYBT | 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: Maxwell Technologies Inc. (NASDAQ: MXWL), Pharmacyclics Inc. (NASDAQ: PCYC), P.F.Chang's China Bistro Inc. (NASDAQ: PFCB), Prospect Capital Corp. (NASDAQ: PSEC), PrivateBancorp Inc. (NASDAQ: PVTB), S.Y. Bancorp Inc. (NASDAQ: SYBT). 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.

Maxwell Technologies Inc. (NASDAQ: MXWL | Quote | Chart | News | PowerRating) engages in the development, manufacture, and marketing of energy storage and power delivery products. It offers BOOSTCAP ultracapacitor cells, and multi-cell packs and modules for applications in multiple industries, including transportation, automotive, telecommunications, energy, consumer, and industrial electronics; and CONDIS high-voltage capacitors comprising grading and coupling capacitors, and capacitive voltage dividers that are used to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution, and measurement of high-voltage electrical energy. The company also offers radiation-mitigated microelectronic products, including power modules, memory modules, and single board computers for space and satellite applications. Maxwell Technologies markets and sells its products through direct and indirect sales organizations in North America, Europe, and Asia. The company was founded in 1965. It was formerly known as Maxwell Laboratories, Inc. and changed its name to Maxwell Technologies, Inc. in 1996. The company is headquartered in San Diego, California. With 20.82 million shares outstanding and 2 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of MXWL. According to quarterly data provided by the SEC, there were still 81,580 shares of MXWL that were failing-to-deliver as of September 28, 2007.

Pharmacyclics Inc. (NASDAQ: PCYC | Quote | Chart | News | PowerRating) a pharmaceutical company, is developing drugs to treat cancer and other diseases. Its pharmaceutical agents are synthetic small molecules designed to target key biochemical pathways in diseased cells. The company's product candidate, Xcytrin (motexafin gadolinium) Injection, an anti-cancer agent with a novel mechanism of action, has completed Phase III trials in oncology and is in Phase II trials for patients with non-small cell lung cancer. Its products also include PCI-24781, a histone deacetylase inhibitor in Phase I trial in patients with advanced relapsed solid tumors; PCI-24783, a preclinical stage small molecule inhibitor of Factor VIIa for cancer therapy; and PCI-32765, a preclinical stage small molecule tyrosine kinase inhibitor to treat B cell malignancies and autoimmune disease. Pharmacyclics has a license agreement with the University of Texas to develop and commercialize porphyrins, expanded porphyrins, and other porphyrin-like substances covered by its patents. The company was founded in 1991 and is headquartered in Sunnyvale, California. With 25.99 million shares outstanding and 1.46 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of PCYC. According to quarterly data provided by the SEC, there were still 18,776 shares of PCYC that were failing-to-deliver as of September 28, 2007.

P.F.Chang's China Bistro Inc. (NASDAQ: PFCB | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the ownership and operation of restaurants in the United States. The company operates restaurants under the P.F. Chang's China Bistro' and Pei Wei Asian Diner' names. As of December 31, 2007, it operated 172 full service Bistro restaurants, 144 quick casual Pei Wei restaurants, and 1 Taneko Japanese Tavern restaurant. The company was founded in 1996 and is based in Scottsdale, Arizona. With 24.16 million shares outstanding and 12.22 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of PFCB. According to quarterly data provided by the SEC, there were still 19,817 shares of PFCB that were failing-to-deliver as of September 25, 2007.

Prospect Capital Corp. (NASDAQ: PSEC | Quote | Chart | News | PowerRating) is a private equity firm specializing in private mezzanine debt, senior secured debt, senior unsecured debt, publicly traded high-yield debt, bridge loans, private equity, and public equity, using both partnership and publicly traded closed-end structures. The firm typically makes equity investments in energy related companies with a focus on upstream, midstream, and downstream or power companies and assets, as well as other energy-related businesses that transact with the direct energy value chain. It primarily invest in oil and gas production, coal production, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, utility services, manufacturing, service, and industrial companies based in North America. The firm primarily invests between $5 million to $50 million and co-invests for larger deals. Prospect Capital Corporation was founded in 1988 and is based in New York City. With 26.27 million shares outstanding and 1.79 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of PSEC. According to quarterly data provided by the SEC, there were still 34,526 shares of PSEC that were failing-to-deliver as of September 28, 2007.

PrivateBancorp Inc. (NASDAQ: PVTB | Quote | Chart | News | PowerRating) through its subsidiaries, provides various financial services to entrepreneurial and middle-market companies, individuals, wealthy families, professionals, entrepreneurs, and real estate investors in the United States. It primarily engages in generating deposits and originating loans. The company's commercial banking services include lines of credit for working capital, term loans for equipment and other investment purposes, and letters of credit, as well as offers non-credit products, including remote merchant capture, lockbox, cash concentration accounts, other cash management products, foreign exchange, and derivatives. The company also offers real estate lending services, including permanent and interim mortgages to businesses and individuals to finance various owner-occupied properties and investment properties, such as apartment buildings, office buildings, and shopping centers, as well as provides commercial, commercial real estate, construction, personal, and residential real estate loans. In addition, it offers private banking services to individuals and families, self-employed, professional athletes, and business owners, as well as provides personal banking services include interest-bearing checking, money market accounts, certificates of deposit, ATM/debit cards, investment brokerage accounts, and domestic and international wire transfers. Further, the company offers wealth management services, which include investment management, personal trust, guardianship and estate administration, custody, and investment services, as well as retirement accounts. As of December 31, 2007, it operated 20 offices in Chicago, suburban Detroit, St. Louis, Milwaukee, Kansas City, Atlanta, Cleveland, and Minneapolis. The company was founded in 1989 and is based in Chicago, Illinois. With 28.55 million shares outstanding and 6.16 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of PVTB. According to quarterly data provided by the SEC, there were still 20,793 shares of PVTB that were failing-to-deliver as of September 28, 2007.

S.Y. Bancorp Inc. (NASDAQ: SYBT | Quote | Chart | News | PowerRating) operates as the holding company for Stock Yards Bank & Trust Company that provides commercial banking, personal banking, investment management, and trust services in the United States. The company primarily engages in generating deposits and originating loans. Its deposit products include non-interest and interest bearing demand deposits, savings deposits, money market deposits, time deposits, and certificates of deposits. The company's loan portfolio comprises commercial and industrial, construction and development, real estate mortgage, home equity, and consumer loans. It also originates and sells single-family residential mortgages. In addition, the company offers securities brokerage services and life insurance products through arrangements with various third party providers; and wealth management services, estate planning and administration, retirement plan management, and custodian or trustee services. As of December 31, 2007, it operated 28 full service banking offices in Louisville, Indianapolis, and Cincinnati. The company was founded in 1904 and is headquartered in Louisville, Kentucky. With 13.41 million shares outstanding and 1.45 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of SYBT. According to quarterly data provided by the SEC, there were still 31,238 shares of SYBT that were failing-to-deliver as of September 28, 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 2,050,000,000 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 for MXWL click here.

    


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