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BUYINS.NET: DDS, MTG, SSD, GLA, CNLG, IDRA Have Been Removed From Naked Short List Today

Tue. September 23, 2008; Posted: 09:32 AM
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Sep 23, 2008 (M2 PRESSWIRE via COMTEX) -- SSD | 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: Dillard's Inc. (NYSE: DDS), MGIC Investment Corp. (NYSE: MTG), Simpson Manufacturing Co. Inc. (NYSE: SSD), Clark Holdings Inc (AMEX: GLA), Conolog Corp. (NASDAQ: CNLG), Idera Pharmaceuticals Inc. (NASDAQ: IDRA). 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.

Dillard's Inc. (NYSE: DDS | Quote | Chart | News | PowerRating) operates retail department stores primarily in the southeastern, southwestern, and midwestern areas of the United States. The company offers a selection of merchandise, including fashion apparel for women, men, and children. It also provides accessories, cosmetics, shoes, home furnishings, and other consumer goods. As of August 2, 2008, the company operated 318 Dillard?s locations and 9 clearance centers primarily located in 29 states. It also sells merchandise online at its Web site, dillards.com. The company was founded in 1938 and is based in Little Rock, Arkansas. With 73.45 million shares outstanding and 11.5 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of DDS. According to quarterly data provided by the SEC, there were still 1,323,277 shares of DDS that were failing-to-deliver as of September 28, 2007.

MGIC Investment Corp. (NYSE: MTG | Quote | Chart | News | PowerRating) through its subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance to the home mortgage lending industry in the United States. The private mortgage insurance covers residential first mortgage loans and expands home ownership opportunities by enabling people to purchase homes. The private mortgage includes primary and pool mortgage insurances. Its primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure, and generally written on first mortgage loans secured by owner occupied single-family homes. Primary insurance is also written on first liens secured by non-owner occupied single-family homes, and on vacation or second homes. The Pool insurance is used as an additional credit enhancement for certain secondary market mortgage transactions, and covers the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage. The company also provides various mortgage services for the mortgage finance industry, such as contract underwriting, portfolio retention, and secondary marketing of mortgage-related assets. In addition, it provides Internet portal that enables mortgage originators to access products and services of wholesalers, investors, and vendors necessary to make a home mortgage loan, as well as provides hosting, design, and marketing solutions for mortgage originators and real estate agents. The company serves originators of residential mortgage loans, such as mortgage bankers, savings institutions, commercial banks, mortgage brokers, credit unions, and various lenders. MGIC Investment was founded in 1984 and is headquartered in Milwaukee, Wisconsin. With 125.07 million shares outstanding and 21.45 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of MTG. According to quarterly data provided by the SEC, there were still 120,218 shares of MTG that were failing-to-deliver as of September 28, 2007.

Simpson Manufacturing Co. Inc. (NYSE: SSD | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the manufacture and marketing of building products. It designs, engineers, and manufactures wood-to-wood, wood-to-concrete, wood-to-masonry connectors, screw fastening systems and collated screws, stainless steel fasteners, and prefabricated shearwalls; and venting systems for gas, wood, oil, pellet, and other alternative fuel burning appliances. The company also offers a line of adhesives, mechanical anchors, carbide drill bits, and powder actuated tools for concrete, masonry, and steel. It markets its products to the residential construction, light industrial and commercial construction, remodeling, and do-it-yourself markets in the United States, Europe, Canada, Asia, Australia, New Zealand, Mexico, and other countries in central and South America. The company distributes its products to home centers through wholesale distributors, original equipment manufacturers, and to contractors and dealers. Simpson Manufacturing was founded in 1956 and is based in Pleasanton, California. With 48.6 million shares outstanding and 12.1 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of SSD. According to quarterly data provided by the SEC, there were still 62,120 shares of SSD that were failing-to-deliver as of September 28, 2007.

Clark Holdings Inc (AMEX: GLA | Quote | Chart | News | PowerRating) through its subsidiaries, provides transportation management and international air and ocean freight forwarding services to the print media industry in the United States and internationally. It offers domestic newsstand magazine distribution services; and operates a hub and spoke' network of operating centers and professional traffic management services comprising pick-up at printing plants; break-bulk and sorting of individual wholesaler orders by title; consolidation of multi titles to common wholesaler delivery points; and preparation of manifests, advance shipping notices, and completion of shipment notifications to national distributors. The company also provides ground-based transportation services, which include the transportation of specialized media products, such as magazines, mass market books, newspaper inserts, drop ship mail, and motion picture film through a network of 49 company-leased trucks, 98 company-owned trailers, 4 terminals, and relationships with approximately 50 third-party transportation providers. In addition, it offers consolidation and import/export transportation management and logistics services to print media publishers, distributors, and to their import partners. The company was founded in 1957 and is headquartered in Trenton, New Jersey. With 12.03 million shares outstanding and 89,600 shares declared short as of September 2008, there is no longer a failure to deliver in shares of GLA. According to quarterly data provided by the SEC, there were still 78,785 shares of GLA that were failing-to-deliver as of September 28, 2007.

Conolog Corp. (NASDAQ: CNLG | Quote | Chart | News | PowerRating) engages in the design, manufacture, and distribution of electronic and electromagnetic components and subassemblies in the United States. Its product portfolio comprises transducers, which are electro-magnetic devices that convert electrical energy into mechanical and other forms of physical energy, or conversely convert mechanical and other forms of physical energy into electrical energy; digital signal processing systems and electromagnetic wave filters for differentiation among discreet audio and radio frequencies; audio transmitters and modulators, for the transmission of electrical signals over telephone lines, microwave circuits, and satellite; and audio receivers and demodulators, which receive and decode the signals from the audio transmitters and convert them into digital codes, or into mechanical or other form of energy. The company also offers magnetic networks, which are devices that permit the matching or coupling of different types of communication equipment together; analog transmitters and receivers, which permit the coding/transmission and receiving/decoding of a constantly variable data by displaying the information at the receiving end in digital form; and multiplexer supervisory controls, which enable callers with high volumes of supervisory data to transmit on fewer phone lines. Conolog Corporation's products are used in radio and other transmissions; telephones and telephone exchanges; air and traffic control; automatic transmission of data for utilities; electric utilities; and tele-printing of transmitted data, such as news and stock market information. Its customers primarily include power companies and various branches of the military in the United States. The company was founded in 1968 and is based in Somerville, New Jersey. With 5.72 million shares outstanding and 7,800 shares declared short as of September 2008, there is no longer a failure to deliver in shares of CNLG. According to quarterly data provided by the SEC, there were still 14,120 shares of CNLG that were failing-to-deliver as of September 20, 2007.

Idera Pharmaceuticals Inc. (NASDAQ: IDRA | Quote | Chart | News | PowerRating) a biotechnology company, engages in the discovery and development of DNA- and RNA-based compounds for the treatment of infectious diseases, autoimmune diseases, cancer, and asthma and allergies and for use as vaccine adjuvants. The company designs and creates proprietary Toll-Like Receptors (TLR) to modulate immune responses, including TLR agonist, a compound that stimulates an immune response through the targeted TLR; and TLR antagonist, a compound that blocks activation of an immune response through the targeted TLR. Its drug candidates include IMO-2125, a TLR9 agonist, which is in Phase 1 clinical trial for infectious diseases, including hepatitis C virus infection. The company's infectious disease program also includes evaluation of RNA-based compounds that act as agonists of TLR7 and TLR8, which are stabilized immune modulatory RNA (SIMRA) compounds. Idera Pharmaceuticals has also identified DNA-based compounds that act as antagonists of TLR7 and TLR9 for the treatment of autoimmune diseases, such as lupus and rheumatoid arthritis. Its cancer treatment research program is focused on SIMRA agonists of TLR7 and TLR8. The company has a license agreement with Merck KGaA to research, develop, and commercialize products containing its TLR9 agonists, including IMO-2055 and IMO-2125 for the treatment of cancer, excluding cancer vaccines; a license and research collaboration agreement with Merck & Co., Inc. to research, develop, and commercialize vaccine products containing its TLR7, 8, and 9 agonists in the fields of cancer, infectious diseases, and Alzheimer's disease; and a research collaboration and option agreement, as well as a separate license, development, and commercialization agreement with Novartis International Pharmaceutical, Ltd. to discover, develop, and commercialize TLR9 agonists for the treatment of asthma and allergies. Idera Pharmaceuticals was founded in 1989 and is based in Cambridge, Massachusetts. With 22.95 million shares outstanding and 1.96 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of IDRA.

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 CNLG click here.

    


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