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BUYINS.NET: ASA, AZZ, MTG, RYL, USU, KAZ Have Been Removed From Naked Short List Today

Wed. July 30, 2008; Posted: 09:26 AM
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Jul 30, 2008 (M2 PRESSWIRE via COMTEX) -- USU | 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: ASA Ltd. (NYSE: ASA), AZZ Inc. (NYSE: AZZ), MGIC Investment Corp. (NYSE: MTG), The Ryland Group Inc. (NYSE: RYL), USEC Inc. (NYSE: USU), BMB Munai Inc (AMEX: KAZ). 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.

ASA Ltd. (NYSE: ASA | Quote | Chart | News | PowerRating) is an employee owned investment manager with approximately $537 millions in assets under management. The firm manages close ended funds for its clients. It invests in the public equity markets across the globe. The firm primarily invests value stocks of companies engaged in exploration, mining, or processing of gold, silver, platinum, diamonds, and other precious minerals. It also invests in gold, silver, and platinum bullion or securities that seek to replicate the price movement of gold, silver, or platinum bullion. ASA (Bermuda) Ltd was founded in 1958 and is based in Buffalo, New York. With 9.6 million shares outstanding and 788,300 shares declared short as of July 2008, there is no longer a failure to deliver in shares of ASA.

AZZ Inc. (NYSE: AZZ | Quote | Chart | News | PowerRating) manufactures electrical equipment and components for power generation, transmission, and distribution, as well as for industrial markets in the United States. It operates in two segments, Electrical and Industrial Products, and Galvanizing Services. The Electrical and Industrial Products segment offers electrical products that are used to distribute electrical power to and from generators, transformers, switching devices, and other electrical configurations. It also provides industrial lighting and tubular products for the petroleum, food processing, and other and industrial applications. This segment sells its products through manufacturer's representatives, distributors, agents, and internal sales force. The Galvanizing Services segment provides hot dip galvanizing services to the steel fabrication industry. It serves fabricators and/or manufacturers, who provide services to the electrical and telecommunications, bridge and highway, petrochemical, and general industrial markets, as well as various original equipment manufacturers. AZZ incorporated was founded in 1956 and is based in Fort Worth, Texas. With 12.14 million shares outstanding and 1.3 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of AZZ. According to quarterly data provided by the SEC, there were still 10,337 shares of AZZ that were failing-to-deliver as of September 26, 2007.

MGIC Investment Corp. (NYSE: MTG | Quote | Chart | News | PowerRating) through its subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance to the home mortgage lending industry in the United States. The private mortgage insurance covers residential first mortgage loans and expands home ownership opportunities by enabling people to purchase homes. The private mortgage includes primary and pool mortgage insurances. Its primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure, and generally written on first mortgage loans secured by owner occupied single-family homes. Primary insurance is also written on first liens secured by non-owner occupied single-family homes, and on vacation or second homes. The Pool insurance is used as an additional credit enhancement for certain secondary market mortgage transactions, and covers the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage. The company also provides various mortgage services for the mortgage finance industry, such as contract underwriting, portfolio retention, and secondary marketing of mortgage-related assets. In addition, it provides Internet portal that enables mortgage originators to access products and services of wholesalers, investors, and vendors necessary to make a home mortgage loan, as well as provides hosting, design, and marketing solutions for mortgage originators and real estate agents. The company serves originators of residential mortgage loans, such as mortgage bankers, savings institutions, commercial banks, mortgage brokers, credit unions, and various lenders. MGIC Investment was founded in 1984 and is headquartered in Milwaukee, Wisconsin. With 125.06 million shares outstanding and 22.57 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of MTG. According to quarterly data provided by the SEC, there were still 120,218 shares of MTG that were failing-to-deliver as of September 28, 2007.

The Ryland Group Inc. (NYSE: RYL | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in home building and the provision of mortgage-finance in the United States. Its operations cover various aspects of the home buying process, including design, construction, and sale. The company offers single-family detached homes; and attached homes, such as town homes, condominiums, and mid-rise buildings, as well as sells land and lots. It also provides mortgage origination, title, escrow, and insurance services to its homeowners and subcontractors. The company markets its homes to entry-level and first- and second-time move-up buyers. The Ryland Group was founded in 1967 and is headquartered in Calabasas, California. With 42.37 million shares outstanding and 11.05 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of RYL. According to quarterly data provided by the SEC, there were still 13,644 shares of RYL that were failing-to-deliver as of September 28, 2007.

USEC Inc. (NYSE: USU | Quote | Chart | News | PowerRating) together with its subsidiaries, supplies low enriched uranium (LEU) for commercial nuclear power plants worldwide. It sells separative work units (SWU) component of LEU, the SWU and uranium components of LEU, and uranium. SWU is a standard unit of measurement that represents the effort required to transform a given amount of natural uranium into two streams, including enriched uranium having a higher percentage of U235 and depleted uranium having a lower percentage of U235. The company also performs contract work for the U.S. Department of Energy (DOE) and DOE contractors at the Paducah and Portsmouth plants, which includes the maintenance of the Portsmouth gaseous diffusion plant in a state of readiness or cold standby, processing out-of-specification uranium, and provision of infrastructure support services. In addition, USEC provides nuclear energy solutions and services, including design, fabrication, and implementation of spent nuclear fuel technologies; nuclear materials transportation; and nuclear fuel cycle consulting services. The company was founded in 1993 and is headquartered in Bethesda, Maryland. With 111.17 million shares outstanding and 28.17 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of USU. According to quarterly data provided by the SEC, there were still 66,278 shares of USU that were failing-to-deliver as of September 28, 2007.

BMB Munai Inc (AMEX: KAZ | Quote | Chart | News | PowerRating) an independent oil and natural gas company, engages in the exploration, development, acquisition, and production of crude oil and natural gas properties in the Republic of Kazakhstan. As of March 31, 2008, it had approximately 10,784 thousand barrels of oil, condensate, and natural gas liquids in reserves. The company was founded in 2003 and is based in Almaty, Kazakhstan with an additional office in Salt Lake City, Utah. With 44.78 million shares outstanding and 290,800 shares declared short as of July 2008, there is no longer a failure to deliver in shares of KAZ. According to quarterly data provided by the SEC, there were still 10,333 shares of KAZ that were failing-to-deliver as of September 4, 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 on Asa Limited (ASA) click here. Asa Limited (ASA) has Short Term PowerRatings of 8. Details on Asa Limited (ASA) Short Term PowerRatings is available at This Link.

    


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