Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

BUYINS.NET: ETRUF, RDFVF, VCISY Have Also Been Removed From Naked Short List Today

Fri. August 29, 2008; Posted: 09:40 AM
Stocks RSS
Aug 29, 2008 (M2 PRESSWIRE via COMTEX) -- VCISY | 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: Extrudyne Inc (OTC: ETRUF), Redcorp Ventures Ltd (OTC: RDFVF), Vinci SA (OTC: VCISY). 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.

Extrudyne Inc (OTC: ETRUF | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the exploration, development, and production of gold and diamond properties primarily in Africa. It holds interest in the Youga Gold project located in Burkina Faso, West Africa; and an 85% interest in the Agbaou Gold project comprising 939 square kilometers located in the northwest of Abidjan, West Africa. The company also owns interest in the Samira Hill Gold project, which is located in southwestern Niger; the Finkolo Gold and Keniebandi Gold projects located in Mali; the Ventersdorp Alluvial Diamond District; and the Blue Gum Diamond Deposit in South Africa. In addition, Etruscan Resources holds the Kamanjab project consisting of 6 permits covering approximately 5,000 square kilometers; and the Witvlei project comprising 5 contiguous permits with 4,000 square kilometers. Further, it has an option to acquire a 100% interest in the Bole-Bolgatanga Gold Belt covering 773 square kilometers in northern Ghana. Etruscan Resources also holds interests in the Ahafo, Bogoso-Prestea, Bibiani, Obotan, and Chirano deposits in the Sefwi Volcanic Belt and the Kumasi Sedimentary Basin, Ghana. The company is headquartered in Bedford, Canada. With 124.1 million shares outstanding and 13,800 shares declared short as of July 2008, there is no longer a failure to deliver in shares of ETRUF. According to quarterly data provided by the SEC, there were still 44,300 shares of ETRUF that were failing-to-deliver as of September 20, 2007.

Redcorp Ventures Ltd (OTC: RDFVF | Quote | Chart | News | PowerRating) operates as a mineral exploration and development company. It engages in the acquisition, exploration, and development of mineral property interests. The company has a 100% interest in the Tulsequah project, which is located on the east side of the Tulsequah River in northwestern British Columbia, approximately 100 km south of the town of Atlin, Canada. The Tulsequah project comprises 12 mineral claims and 25 crown granted claims, covering approximately 14,360 hectares with copper, lead, zinc, gold, and silver deposits. It also holds interests to explore for copper, lead, zinc, gold, and silver deposits in the Lagoa Salgada property, which is located in south central Portugal within the municipalities of Alcacer and Grandola; and the Vila de Rei property, a 727 square kilometer gold-silver prospect near the municipality of Vila de Rei in central Portugal. The company was founded in 1979 and is headquartered in Vancouver, Canada. With 398.4 million shares outstanding and 200 shares declared short as of July 2008, there is no longer a failure to deliver in shares of RDFVF. According to quarterly data provided by the SEC, there were still 20,500 shares of RDFVF that were failing-to-deliver as of September 11, 2007.

Vinci SA (OTC: VCISY | Quote | Chart | News | PowerRating) provides concessions, construction, and related services. It designs, finances, constructs, engineers, builds, renovates, and maintains transport infrastructure, such as motorways, road structures, car parks, and airports, as well as operates them under long-term contracts. The company carries out urban, industrial, and retail development projects. Vinci SA offers engineering, systems integration, implementation, and maintenance services to the energy infrastructure, manufacturing, service, and telecommunications sectors. It engages in building, civil engineering, hydraulic engineering, and multitechnical maintenance and services for facilities and infrastructure in France, Europe, and Africa. The company also engages in climate engineering, insulation, and fire protection; producing road-building materials and products, environmental work, demolition, and recycling; and deal arrangement and property development activities. Vinci SA has a joint venture with the Russian car park design company MIGS (Russian Aircraft Corporation MiG) to develop a network of underground car parks in Moscow, Russia. The company was founded in 1899 and is based in Rueil-Malmaison, France. With 1.97 billion shares outstanding and 3,600 shares declared short as of July 2008, there is no longer a failure to deliver in shares of VCISY.

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.

For full details for ETRUF click here.

    


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

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [ETRUF]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

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.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.