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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.
Citizens Inc. (NYSE: CIA | Quote | Chart | News | PowerRating) through its subsidiaries, operates as an insurance holding company in the United States and internationally. It operates in two segments, Life Insurance and Home Service Insurance. The Life Insurance segment offers ordinary whole life, credit life insurance, credit disability insurance, and final expense policies, as well as offers burial insurance, pre-need policies, and accident and health related policies in midwestern and southern United States. The Home Service Insurance segment writes final expense ordinary life insurance. The company also writes property insurance in Louisiana. It markets its products through a network of marketing consultants, independent agents, and employee agents. The company was founded in 1969 and is based in Austin, Texas. With 44.1 million shares outstanding and 2.76 million shares declared short as of July 2008, the failure to deliver in shares of CIA has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 46,713 shares of CIA that were failing-to-deliver as of September 28, 2007.
Gaylord Entertainment Company (NYSE: GET | Quote | Chart | News | PowerRating) through its subsidiaries, operates as a diversified hospitality and entertainment company in the United States. The company focuses on large group meetings segment of the lodging market. It owns and operates the Gaylord Hotels branded hotels, which include the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Palms Resort and Convention Center in Kissimmee, Florida; and the Gaylord Texan Resort and Convention Center in Grapevine, Texas. The company also owns and operates the Radisson Hotel at Opryland in Nashville, Tennessee. In addition, Gaylord Entertainment Company is developing a hotel, known as the Gaylord National Resort & Convention Center located on the Potomac River in Prince George's County, Maryland. Further, it operates the Nashville-based tourist attractions, which comprise the Grand Ole Opry, a live country music variety show; the General Jackson Showboat, a 300-foot, four-deck paddle wheel showboat, on the Cumberland river; the Wildhorse Saloon, a country music performance venue; the Ryman Auditorium, a venue for concerts and musical productions; and the Gaylord Springs Golf Links, a golf course located near the Opryland complex. Additionally, the company offers Corporate Magic, which specializes in the production of creative events in the corporate entertainment marketplace, as well as in the ownership and the operation of the WSM-AM radio station. Gaylord Entertainment Company was founded in 1955 and is headquartered in Nashville, Tennessee. With 40.85 million shares outstanding and 11 million shares declared short as of July 2008, the failure to deliver in shares of GET has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 21,841 shares of GET that were failing-to-deliver as of August 22, 2007.
CarMax Inc. (NYSE: KMX | Quote | Chart | News | PowerRating) through its subsidiaries, operates as a retailer of used vehicles in the United States. The company purchases, reconditions, and sells used vehicles. It provides customers with a range of related products and services, including the financing of vehicle purchases through its finance operation, CarMax Auto Finance, and third-party lenders; the sale of extended service plans and accessories; the appraisal and purchase of vehicles directly from consumers; and vehicle repair services. The company also sells new vehicles under various franchise agreements, as well as sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions. As of May 2, 2008, it operated 94 used car superstores in 43 metropolitan markets. The company was founded in 1993 and is headquartered in Richmond, Virginia. With 220.37 million shares outstanding and 42.38 million shares declared short as of July 2008, the failure to deliver in shares of KMX has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 13,062 shares of KMX that were failing-to-deliver as of September 27, 2007.
National City Corp. (NYSE: NCC | Quote | Chart | News | PowerRating) a financial holding company, provides commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management services in the United States. Its retail banking services include deposit gathering and direct lending services, business banking services, education finance, retail brokerage, and lending-related insurance services to consumers and small businesses. The company's consumer lending products include home equity, student loans, and credit cards and other unsecured personal and small business lines of credit. National City's commercial banking products and services include lines of credit, term loans, leases, investment real estate lending, asset-based lending, treasury management, stock transfer, international services, and dealer floorplan financing to large- and medium-sized corporations. The company also offers loan sales and securitization, structured finance, syndicated lending, commercial leasing, equity and mezzanine capital, derivatives, public finance, investment banking, correspondent banking, multifamily real estate lending, and commercial real estate lending to select customers in certain industries or distribution channels. Its mortgage banking activities comprise originating residential mortgage, home equity lines, and loans collateralized by one-to-four-family residential real estate, as well as servicing mortgage loans, home equity loans, and home equity lines of credit for third-party investors. National City's asset management services include investment management, custody, retirement planning services, and other corporate trust services to institutional clients; and personal wealth management services for individuals and families. As of December 31, 2007, it operated approximately 1,400 branch banking offices in Ohio, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, and Wisconsin. The company was founded in 1845 and is headquartered in Cleveland, Ohio. With 760.32 million shares outstanding and 159.19 million shares declared short as of July 2008, the failure to deliver in shares of NCC has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 50,544 shares of NCC that were failing-to-deliver as of September 28, 2007.
Teekay Tankers Ltd. (NYSE: TNK | Quote | Chart | News | PowerRating) engages in the ownership of Aframax-class oil tankers. As of March 1, 2008, its fleet consisted of nine Aframax-class oil tankers. The company operated its five tankers under fixed-rate time-charters with its customers. Its four tankers participated in the Teekay Pool. As of April 7, 2008, Teekay Tankers owned two double-hull Suezmax-class oil tankers. The company was incorporated in 2007 and is headquartered in Hamilton, Bermuda. With 12.5 million shares outstanding and 1.68 million shares declared short as of July 2008, the failure to deliver in shares of TNK has not been resolved and a buy-in is imminent.
Tootsie Roll Industries Inc. (NYSE: TR | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, and Mexico. The company sells its products under various trademarks, including Tootsie Roll, Tootsie Roll Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Blue Razz, Zip-A-Dee Pops, Cella's, Mason Dots, Mason Crows, Junior Mint, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, and Nik-L-Nip. Tootsie Roll Industries distributes its products through candy and grocery brokers to wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, warehouse and membership club stores, vending machine operators, the U.S. military, and fund-raising charitable organizations. The company was founded in 1896 and is based in Chicago, Illinois. With 55.06 million shares outstanding and 6.66 million shares declared short as of July 2008, the failure to deliver in shares of TR has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 13,491 shares of TR 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
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