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BUYINS.NET: MED, NCC, SFI, AVTR, PCBC, QSII Have Been Added To Naked Short List Today

Tue. September 09, 2008; Posted: 09:19 AM
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Sep 09, 2008 (M2 PRESSWIRE via COMTEX) -- SFI | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Medifast Inc. (NYSE: MED), National City Corp. (NYSE: NCC), iStar Financial Inc. (NYSE: SFI), Avatar Holdings Inc. (NASDAQ: AVTR), Pacific Capital Bancorp (NASDAQ: PCBC), Quality Systems Inc. (NASDAQ: QSII). 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.

Medifast Inc. (NYSE: MED | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the production, distribution, and sale of weight management and disease management products, and other consumable health and diet products in the United States and Canada. The company's product lines include weight and disease management, meal replacement, and vitamins. It also operates weight control centers that offer supervised model and an advertised brand, which encourages walk-ins and referrals from other Medifast business channels; and customized patient counseling programs, and the Inbody composition analysis. The company markets its products under Medifast brand, which include shakes, women's health shakes, creamy soups, chicken noodle soups, beef vegetable stew, oatmeal, scrambled eggs, hot cocoa, cappuccino, chai latte, iced teas, fruit drinks, soy crisps, and crackers. It sells its products through various channels of distribution, including direct-to-consumer business; Take Shape for Life, a physician led network of independent health coaches; and weight control centers. Medifast, Inc. was founded in 1980 and is headquartered in Owings Mills, Maryland. With 13.81 million shares outstanding and 970,800 shares declared short as of July 2008, there is a failure to deliver in shares of MED. According to quarterly data provided by the SEC, there were still 26,480 shares of MED that were failing-to-deliver as of September 28, 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 156.35 million shares declared short as of July 2008, there is a failure to deliver in shares of NCC. 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.

iStar Financial Inc. (NYSE: SFI | Quote | Chart | News | PowerRating) operates as a finance company focusing on the commercial real estate industry. The company provides custom-tailored financing to high-end private and corporate owners of real estate. Its financing products include senior and mezzanine real estate debt, senior and mezzanine corporate capital, corporate net lease financing, and equity. The company also involves in corporate tenant leasing business, which provides capital to corporations and others who control facilities leased primarily to single creditworthy customers. As of December 31, 2007, iStar Financial owned 407 office and industrial, entertainment, hotel, and retail facilities in 40 states. The company qualifies as a REIT for federal income tax purposes. As a REIT, it generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1993 and is based in New York, New York. With 134.41 million shares outstanding and 21.58 million shares declared short as of July 2008, there is a failure to deliver in shares of SFI. According to quarterly data provided by the SEC, there were still 115,250 shares of SFI that were failing-to-deliver as of September 28, 2007.

Avatar Holdings Inc. (NASDAQ: AVTR | Quote | Chart | News | PowerRating) engages in the business of real estate operations in Florida and Arizona. Its residential community development activities include the development of active adult and primary residential communities of Solivita and Solivita West, such as recreation facilities, including a clubhouse, golf courses, park housing, and sporting and games facilities, as well as construction of homes, including scattered lots and on contiguous parcels in Florida and Rio Rico, Arizona; and single-family community in Lakeland, Florida. It also engages in various real estate related activities, such as the construction of Poinciana Parkway and Toll Road; the development of roads, retention ponds, parks, school sites, and community amenities; the sale of commercial and industrial land for third-party development; and the operation of a title insurance agency. In addition, the company engages in rental and other operations, including a small community shopping center in Rio Rico, and recreational facilities. As of December 31, 2007, it owned approximately 17,000 acres of developed, partially developed, or developable residential, commercial, and industrial property. Avatar Holdings, Inc. was founded in 1970 and is headquartered in Coral Gables, Florida. With 8.54 million shares outstanding and 1.21 million shares declared short as of July 2008, there is a failure to deliver in shares of AVTR. According to quarterly data provided by the SEC, there were still 49,902 shares of AVTR that were failing-to-deliver as of September 28, 2007.

Pacific Capital Bancorp (NASDAQ: PCBC | Quote | Chart | News | PowerRating) operates as the holding company for Pacific Capital Bank, N.A., which provides a range of commercial and consumer banking services to households, professionals, and businesses primarily in the central coast of California. The company primarily offers its banking services under Santa Barbara Bank & Trust, First National Bank of Central California, South Valley National Bank, San Benito Bank, and First Bank of San Luis Obispo brand names. It offers a range of deposit products, including NOW accounts, money market deposit accounts, savings accounts, time certificates of deposit, interest bearing deposits, and demand deposits. The company also provides various loans comprising real estate loans, home equity lines and loans, consumer loans, leases, and demand deposit overdraft protection products, as well as commercial, industrial, and agricultural loans. In addition, it offers safe deposit boxes, travelers' checks, money orders, foreign exchange services, and cashiers checks. Further, the company provides trust and investment advisory services, as well as a range of wealth management services. As of December 31, 2007, it operated 50 retail branches and 14 loan production offices. Pacific Capital Bancorp was founded in 1960 and is based in Santa Barbara, California. With 46.1 million shares outstanding and 11.42 million shares declared short as of July 2008, there is a failure to deliver in shares of PCBC. According to quarterly data provided by the SEC, there were still 35,432 shares of PCBC that were failing-to-deliver as of August 15, 2007.

Quality Systems Inc. (NASDAQ: QSII | Quote | Chart | News | PowerRating) engages in the development and marketing of healthcare information systems in the United States. Its system automates various aspects of medical and dental practices, and networks of practices, such as physician hospital organizations and management service organizations, ambulatory care centers, community health centers, and medical and dental schools. The company offers proprietary electronic medical records software and practice management systems under the NextGen3 product name. The product categories of the NextGen suite include electronic medical records, enterprise practice management, enterprise appointment scheduling, enterprise master patient index, NextGen image control system, managed care server, electronic data interchange, system interfaces, Internet operability, and a patient-centric and provider-centric Web portal solution. It also offers NextGen Express designed for small practices and NextGen Community Health Solution; and revenue cycle management services under the Practice Solutions name, which include billing and collections services for medical practices. In addition, Quality Systems provides hardware and software installation, maintenance and support services, system training, and electronic data interchange services. The company was founded in 1974 and is headquartered in Irvine, California. With 27.45 million shares outstanding and 5.77 million shares declared short as of July 2008, there is a failure to deliver in shares of QSII. According to quarterly data provided by the SEC, there were still 34,967 shares of QSII 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 2,150,000,000 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 AVTR click here.

    


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