BUYINS.NET: KBW, LFG, VMC, JAV, AVNX, BSRR Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days

Jul 29, 2008 (M2 PRESSWIRE via COMTEX) -- VMC | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: KBW Inc. (NYSE: KBW), LandAmerica Financial Group Inc. (NYSE: LFG), Vulcan Materials Company (NYSE: VMC), Javelin Pharmaceuticals Inc (AMEX: JAV), Avanex Corp. (NASDAQ: AVNX), Sierra Bancorp (NASDAQ: BSRR). 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.

Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

KBW Inc. (NYSE: KBW | Quote | Chart | News | PowerRating) and its subsidiaries operate in the financial services industry in the United States and Europe. The company provides various investment banking services, including mergers and acquisitions, strategic advisory services, equity and fixed income securities offerings, capital raising services, structured finance, and mutual thrift and insurance company conversions. It also engages in equity and fixed income sales and trading, primarily for institutional customers investing in the small and mid cap segments, and a range of fixed income securities. In addition, the company provides research services, including fundamental analysis that identifies investment opportunities and assists investors to make investment decisions, as well as offers asset management, including investment management and other advisory services to institutional clients, private high net worth clients, and various investment vehicles. It serves banking companies, thrift institutions, insurance companies, broker-dealers, mortgage banks, asset management companies, mortgage real estate investment trusts, consumer and specialty finance firms, financial processing companies, and securities exchanges. The company was founded in 1962 and is headquartered in New York, New York with additional offices in Atlanta, Boston, Chicago, Columbus, Hartford, Houston, Richmond, San Francisco, and London. With 29.45 million shares outstanding and 5.16 million shares declared short as of July 2008, the failure to deliver in shares of KBW has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 37,927 shares of KBW that were failing-to-deliver as of September 28, 2007.

LandAmerica Financial Group Inc. (NYSE: LFG | Quote | Chart | News | PowerRating) together with its subsidiaries, primarily operates as a title insurance underwriter in the United States, Mexico, Canada, the Caribbean, Latin America, Europe, and Asia. Its products and services facilitate the purchase, sale, transfer, and financing of residential and commercial real estate. The company operates through three segments: Title Operations, Lender Services, and Financial Services. The Title Operations segment offers title insurance, escrow, and closing services, as well as specialized services, including construction disbursement, national multi-state transactions co-ordination, and tax-deferred real property exchange. The Lender Services segment provides real estate transaction management, appraisal and valuation, flood zone determination, consumer mortgage credit reporting, real estate tax processing, default management, and mortgage loan subservicing services to national and regional mortgage lending customers. The Financial Services segment engages in the origination and purchase of commercial real estate loans in the southern California, Arizona, and Nevada markets, as well as solicits deposits through the Internet for certificates of deposit and passbook savings accounts. LandAmerica Financial Group serves residential and commercial property buyers and sellers, real estate agents and brokers, developers, attorneys, mortgage brokers and lenders, and title insurance agents. As of December 31, 2007, it operated through approximately 700 offices and a network of 10,000 active agents. The company was founded in 1991 and is headquartered in Glen Allen, Virginia. With 15.48 million shares outstanding and 3.8 million shares declared short as of July 2008, the failure to deliver in shares of LFG has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 14,350 shares of LFG that were failing-to-deliver as of September 27, 2007.

Vulcan Materials Company (NYSE: VMC | Quote | Chart | News | PowerRating) through its subsidiaries, produces construction aggregates and other construction materials in the United States and Mexico. The company operates in three segments: Aggregates, Asphalt mix and Concrete, and Cement. The Aggregates segment produces and sells aggregates and related products, such as crushed stone, sand and gravel, rock asphalt, and recycled concrete. The Asphalt mix and Concrete segment produces and sells asphalt mix and ready-mixed concrete. The Cement segment produces Portland and masonry cement, which is sold in both bulk form and bags to the concrete products industry. Vulcan Materials' customers include asphalt mix and ready-mixed concrete producers, concrete products producers, construction contractors, road and highway contractors, nonresidential building contractors, nonresidential parking lot and driveway contractors, residential contractors, and precast and prestressed concrete producers. The company, formerly known as Virginia Holdco, Inc., is headquartered in Birmingham, Alabama. With 109.44 million shares outstanding and 20.49 million shares declared short as of July 2008, the failure to deliver in shares of VMC has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 251,511 shares of VMC that were failing-to-deliver as of September 20, 2007.

Javelin Pharmaceuticals Inc (AMEX: JAV | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the research, development, and commercialization of pharmaceutical products for pain relief in the United States and Europe. Its products focus on treating various pain disorders ranging from acute and episodic moderate-to-severe pain associated with breakthrough cancer pain, post-operative pain, post-trauma pain, procedural pain, and burn pain. Javelin has three product candidates in Phase 3 clinical development in the United States, including Dyloject, Rylomine, and PMI-150; and two product candidates in Phase 2 and Phase 3 clinical development in the United Kingdom, including Rylomine and PMI-150,. It has received Marketing Authorization Application approval for Dyloject in the United Kingdom and is marketing it in a ready-to-use injectable formulation. The company was founded in 1998 and is based in Cambridge, Massachusetts. With 49.1 million shares outstanding and 4.37 million shares declared short as of July 2008, the failure to deliver in shares of JAV has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 26,282 shares of JAV that were failing-to-deliver as of September 14, 2007.

Avanex Corp. (NASDAQ: AVNX | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the design, manufacture, and marketing of fiber optic-based products. Its product portfolio comprises amplification products that optically amplify signals, such as erbium doped fiber amplifiers and Raman amplifiers; wavelength management platform, which includes switching and routing solutions, multiplexing and signal processing solutions, and micro-optics and integrated modules, including products that optically add and drop transmission signals in fixed and reconfigurable versions, products that optically multiplex or demultiplex signals based on thin film filters, planar and interleaver technologies, and products that optically attenuate signal power across a single or multiple wavelength bands. The company also offers dispersion compensation management products consisting of products that optically compensate for chromatic dispersion and dispersion degradation of transmission signals, including fixed and tunable products based on dispersion compensating fiber and cascaded etalons. In addition, Avanex's products include transmission products comprising transceivers and transponders that transmit and receive optical signals on optical fibers; lithium niobate modulators, which are optical devices fabricated from lithium niobate and other optical devices that manipulate the phase of magnitude of an optical signal. It sells its products to telecommunications system integrators and their network carrier customers, as well as to optical module manufacturers through direct sales, distributors, and representatives in Americas, Europe, and the Asia Pacific. The company was founded in 1997 and is headquartered in Fremont, California. With 229.85 million shares outstanding and 12.65 million shares declared short as of July 2008, the failure to deliver in shares of AVNX has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 62,149 shares of AVNX that were failing-to-deliver as of September 28, 2007.

Sierra Bancorp (NASDAQ: BSRR | Quote | Chart | News | PowerRating) operates as the holding company for Bank of the Sierra that offers retail and commercial banking services primarily in the central and southern sections of California's San Joaquin Valley. Its deposit products include checking, interest-bearing transaction, savings, money market and demand, time deposit, retirement, and sweep accounts. The company also provides real estate, commercial, agricultural, and consumer loans, as well as retail lending services, which include home equity lines, consumer loans, and credit card loans. In addition, it offers land acquisition and development loans, construction loans for residential and commercial development, and multifamily credit facilities. Further, the company offers installment note collection services, cashier's checks, traveler's checks, gift cards, bank-by-mail services, night depository services, safe deposit boxes, direct deposit and automated payroll services, electronic funds transfers, online banking services, ATMs, and other customary banking services. As of December 31, 2007, it operated 21 branch offices and an Internet branch. The company has a strategic alliance with Investment Centers of America, Inc. to provide non-deposit investment options. Sierra Bancorp was founded in 1977 and is headquartered in Porterville, California. With 9.57 million shares outstanding and 887,900 shares declared short as of July 2008, the failure to deliver in shares of BSRR has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 28,227 shares of BSRR 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.

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index