Read Larry Connors' blog – Short Term Trading Strategies
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.
Preferred Bank (NASDAQ: PFBC | Quote | Chart | News | PowerRating) operates as an independent commercial bank in California. It provides various deposit services, as well as real estate finance, commercial loans, and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals. The company's deposit products include regular checking, savings, and NOW and money market deposit accounts; fixed-rate and fixed maturity retail certificates of deposits; individual retirement accounts; and non-retail certificates of deposits. Its lending activities comprise real estate mini-permanent loans; real estate construction loans; commercial loans; and trade finance. It also offers Internet banking services. As of December 31, 2007, Preferred Bank operated a main office in downtown Los Angeles, California; and 11 full-service branch offices in Los Angeles and Orange Counties. The company was founded in 1991 and is headquartered in Los Angeles, California. With 9.76 million shares outstanding and 1.63 million shares declared short as of July 2008, the failure to deliver in shares of PFBC has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 14,137 shares of PFBC that were failing-to-deliver as of August 15, 2007.
Intrepid Technology & Resources Inc. (OTCBB: ITRP | Quote | Chart | News | PowerRating) together with its subsidiaries, operates as a biofuels renewable and alternative energy development and operating company in the United States. The company specializes in developing, constructing, operating, and owning or co-owning a portfolio of projects in the biofuels production and distribution area of the renewable energy sector. It focuses on the production of biofuels, such as biogas, biodiesel, ethanol, and hydrogen that are produced from biomass. It also provides consulting services in various science and technology disciplines, such as nuclear science, renewable energy, material science, construction management, soil science, crop management, and process engineering. In addition, the company offers a range of engineering services. Intrepid Technology & Resources, Inc. is headquartered in Idaho Falls, Idaho. With 2.79 million shares outstanding and 21,300 shares declared short as of July 2008, the failure to deliver in shares of ITRP has not been resolved and a buy-in is imminent.
Dixie Lee International Industries Inc. (OTC: DLII | Quote | Chart | News | PowerRating) was acquired by Dixie Lee Food Systems Ltd. in a reverse merger transaction. Wood Products, Inc. does not have significant operations. It intends to acquire companies operating in China. With 39.13 million shares outstanding and 1,500 shares declared short as of July 2008, the failure to deliver in shares of DLII has not been resolved and a buy-in is imminent.
Pacific Rubiales Energy Corp. (OTC: PEGFF | Quote | Chart | News | PowerRating) engages in the exploration, development, and production of heavy crude oil and natural gas in Colombia and Peru. It holds interests in the Rubiales and Piriri concessions, Arauca block, and Jagueyes 3433-A block in Los Llanos Orientales. The company also owns a 100% interest in the La Creciente block located in the Lower Magdalena Basin, Colombia; the Tacacho block comprising 598,959 hectares located in the Eastern Cordillera of Colombia; an 80% working interest in the Moriche Block; the Puli-B Block; a 90.6% working interest in the Guaduas field covering 30,665 acres located in the Dindal and Rio Seco blocks; a 27.27% working interest in the Rio Ceibas field consisting of 1,674 acres in the Upper Magdalena Valley; a 100% interest in the 87,465 hectare Guama Block located in the Lower Magdalena Valley Basin in the north of Colombia; and Blocks 135, 137, and 138 containing 1,883,553 hectares situated in the prolific Maranon Basin. In addition, Pacific Rubiales has memorandum of understanding to acquire a 26.25% interest in Quifa Contract located in the Llanos Basin of Colombia; and interest in the Doima and Ortega Blocks; and a 100% interest in the Guaduas-La Dorada pipeline, as well as minority interests in the Oleoducto de Colombia and Oleoducto Alto Magdalena trunk oil pipelines. The company was incorporated in 1985 as Agincourt Explorations, Inc. and changed its name to AGX Resources Corp. in 1995. Later, it changed its name to Consolidated AGX Resources Corp. in 1999, to Petro Rubiales Energy Corp. in 2007, and to Pacific Rubiales Energy Corp. in January 2008. The company is headquartered in Toronto, Canada. With 1.2 billion shares outstanding and 949,800 shares declared short as of July 2008, the failure to deliver in shares of PEGFF has not been resolved and a buy-in is imminent.
Saxon Energy Services Inc (OTC: SXEYF | Quote | Chart | News | PowerRating) through its subsidiaries, provides well drilling and workover services to oil and gas exploration and production companies in North and South America. The company also provides land based drilling and equipment rental services to its customers. As of December 31, 2007, it operated a fleet of 50 drilling rigs and 9 workover rigs in Canada, Colombia, Ecuador, Mexico, Peru, United States, and Venezuela. The company was incorporated in 1995 as Simmons Energy Services, Inc. and changed its name to Saxon Energy Services, Inc. in 2002. Saxon Energy Services is based in Calgary, Canada. With 84.6 million shares outstanding and 57,800 shares declared short as of July 2008, the failure to deliver in shares of SXEYF has not been resolved and a buy-in is imminent.
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
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
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
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.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
