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TowneBank (NASDAQ: TOWN | Quote | Chart | News | PowerRating) through its subsidiaries, engages in retail and commercial banking business. The company serves the financial needs of small and medium size businesses, professionals, and individuals in the Greater Hampton Roads region in southeastern Virginia. Its deposits products include demand deposits, interest-bearing checking accounts, money market deposit accounts, and time deposits. TowneBank's loan portfolio primarily comprises consumer loans, such as auto, boat, and personal loans; home and business equity loans; lot acquisition financing; construction loans; and mortgage/real estate loans; working capital loans; business equity loans; business installment loans; letters of credit; construction/permanent mortgage; and personal, home, and business equity lines of credit. It also provides residential real estate services, which comprise real estate sales, relocation, property management, title insurance, and related settlement services; insurance products; treasury services; merchant services; employee benefits plans; and investment and asset management services, as well as originates mortgage loans and sells in secondary market. In addition, the company provides automated teller machines, debit, credit, and merchant card facilities. It operates 17 banking offices in Chesapeake, Hampton, Portsmouth, Newport News, Virginia Beach, Norfolk, Williamsburg, and York County. The company was founded in 1998 and is headquartered in Portsmouth, Virginia. With 24.04 million shares outstanding and 118,200 shares declared short as of July 2008, there is no longer a failure to deliver in shares of TOWN.
UAL Corp. (NASDAQ: UAUA | Quote | Chart | News | PowerRating) offers air transportation services. The company, through its subsidiary, United Air Lines, Inc., provides transportation of persons, property, and mail in the United States and internationally. It provides its services through jet aircrafts, as well as smaller aircrafts in its regional operations. As of December 31, 2007, UAL Corporation operated 3,300 flights to approximately 200 destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago, and Washington, D.C. It also served approximately 900 destinations in 160 countries worldwide through its alliance with Star Alliance carriers. The company was founded in 1934 and is based in Chicago, Illinois. With 125.76 million shares outstanding and 19.96 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of UAUA. According to quarterly data provided by the SEC, there were still 100,251 shares of UAUA that were failing-to-deliver as of September 26, 2007.
Knightsbridge Tankers Ltd. (NASDAQ: VLCCF | Quote | Chart | News | PowerRating) an international tanker company, together with its subsidiaries, engages in the acquisition, disposition, ownership, leasing, and chartering of very large crude oil carriers (VLCC) and related activities. It involves in the international seaborne transportation of crude oil, fuel oil, heavy diesel oil, and lubricating oil. As of December 31, 2007, the company's fleet consisted of 4 double-hull VLCCs. Knightsbridge Tankers Limited was founded in 1996 and is headquartered in Hamilton, Bermuda. With 17.1 million shares outstanding and 1.25 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of VLCCF. According to quarterly data provided by the SEC, there were still 104,159 shares of VLCCF that were failing-to-deliver as of September 28, 2007.
Imaging Diagnostic Systems Inc. (OTCBB: IMDS | Quote | Chart | News | PowerRating) a development stage medical technology company, designs, tests, and markets medical imaging equipment. Its primary product includes Computed Tomography Laser Breast Imaging System for detecting breast cancer. The company also offers Laser Imager for Lab Animals offers an optical helical micro-CT scanner in a third-generation configuration and is designed to image various compounds, especially green fluorescent protein, derived from the DNA of jellyfish. Its products are installed in clinical settings in Germany, Poland, Italy, Czech Republic, and the Peoples Republic of China. The company was founded in 1993 and is headquartered in Plantation, Florida. With 319.26 million shares outstanding and 48,100 shares declared short as of July 2008, there is no longer a failure to deliver in shares of IMDS. According to quarterly data provided by the SEC, there were still 34,981 shares of IMDS that were failing-to-deliver as of September 27, 2007.
USA Bank (OTCBB: USBK | Quote | Chart | News | PowerRating) operates as a community bank in New York. It offers deposit products, Internet banking, ATM cards, consumer loans, and residential and commercial loans. U.S.A Bank was founded in 2005 and is based in Port Chester, New York. With 5.75 million shares outstanding and 15,800 shares declared short as of July 2008, there is no longer a failure to deliver in shares of USBK.
NovaStar Financial Inc. (OTC: NOVS | Quote | Chart | News | PowerRating) together with its subsidiaries, operates as a non-conforming residential mortgage portfolio manager. It invests in a portfolio of mortgage securities, which includes interest-only, prepayment penalty, and overcollateralization securities retained from its securitizations of nonconforming, single-family residential mortgage loans; and subordinated mortgage securities retained from its securitizations and subordinated home equity loan asset-backed securities. The company was founded in 1996 and is based in Kansas City, Missouri. With 9.44 million shares outstanding and 1.52 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of NOVS.
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 2,100,000,000 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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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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