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BUYINS.NET: NBS, VTG, BWTR, CLDA, OSBC, ROCK Have Been Removed From Naked Short List Today

Wed. September 24, 2008; Posted: 09:23 AM
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Sep 24, 2008 (M2 PRESSWIRE via COMTEX) -- VTG | 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: NeoStem Incorporated (AMEX: NBS), Vantage Drilling Company (AMEX: VTG), Basin Water Inc. (NASDAQ: BWTR), Clinical Data Inc. (NASDAQ: CLDA), Old Second Bancorp Inc. (NASDAQ: OSBC), Gibraltar Industries Inc. (NASDAQ: ROCK). 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.

NeoStem Incorporated (AMEX: NBS | Quote | Chart | News | PowerRating) engages in the collection, processing, and storage of adult stem cells for autologous use in the United States. Its stem cell-banking process primarily involves in the mobilization, cell collection, cell processing, and cryopreservation. The company provides adult stem cells for autologous use in the treatment of cardiac disease, autoimmune disorders, multiple sclerosis, peripheral vascular diseases, and age related musculoskeletal disorders, as well as diabetes, cancer, neurological disease, and wound healing. It has a strategic alliance with UTEK Corporation. The company was founded in 2002. It was formerly known as Corniche Group Incorporated and changed its name to Phase III Medical, Inc. in 2003. Further, it changed its name to Neostem, Inc. in 2006. Neostem is headquartered in New York, New York. With 6.05 million shares outstanding and 1,100 shares declared short as of September 2008, there is no longer a failure to deliver in shares of NBS. According to quarterly data provided by the SEC, there were still 129,502 shares of NBS that were failing-to-deliver as of August 21, 2007.

Vantage Drilling Company (AMEX: VTG | Quote | Chart | News | PowerRating) a Cayman Islands exempted company, is an offshore drilling contractor, with four Baker Marine Pacific Class 375 jackup drilling rigs and one ultra-deepwater drillship currently under development. Vantage also has an option for the purchase of a second ultra-deepwater drillship that is currently under construction. With 42.38 million shares outstanding and 1.02 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of VTG. According to quarterly data provided by the SEC, there were still 116,623 shares of VTG that were failing-to-deliver as of June 26, 2008.

Basin Water Inc. (NASDAQ: BWTR | Quote | Chart | News | PowerRating) engages in the design, building, implementation, and servicing of systems for the treatment of contaminated groundwater, wastewater, waste reduction, and resource recovery. The company's proprietary ion-exchange system treats groundwater contamination at the wellhead. It offers three ion-exchange treatment systems, including onsite regenerable systems, offsite regeneration systems, and disposable resin systems. The company markets its treatment systems and services to utilities, cities, municipalities, special districts, real estate developers, and other organizations for use in treating groundwater. It markets its products through direct sales force, independent contractors, and strategic relationships in the United States. The company was founded in 1999 and is headquartered in Rancho Cucamonga, California. With 21.98 million shares outstanding and 3.81 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of BWTR. According to quarterly data provided by the SEC, there were still 569,803 shares of BWTR that were failing-to-deliver as of April 10, 2008.

Clinical Data Inc. (NASDAQ: CLDA | Quote | Chart | News | PowerRating) provides molecular and pharmacogenomics services, as well as clinical diagnostics for the improvement of patient care North America, Europe, and internationally. The company has two segments, PGxHealth and Cogenics. The PGxHealth segment focuses on the development and commercialization of targeted therapeutics and predictive tests from its portfolio of proprietary genetic biomarkers to improve the efficacy and safety of drugs in individuals, as well as to aid in the diagnosis and management of complex clinical conditions. It also seeks to develop and commercialize vilazodone, a dual-serotonergic drug candidate for the treatment of depression along with a potential companion pharmacogenetic test. This segment's predictive tests are marketed to healthcare providers, third-party payers, and available through prescription. The Cogenics segment offers genomic solutions to the healthcare and life sciences industries. It offers set of services, including know-how and informatics capabilities that enable customers to identify genes and genetic variation, and to understand gene expression and function in humans, animals, plants, and lower organisms. This segment's solutions include sequencing, gene expression, genotyping, biomanufacturing support, extraction, biobanking, and sample management that are offered on various platforms and are conducted in regulated and unregulated environments. The company was founded in 1969 and is headquartered in Newton, Massachusetts. With 21.16 million shares outstanding and 1.27 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of CLDA. According to quarterly data provided by the SEC, there were still 131,368 shares of CLDA that were failing-to-deliver as of September 25, 2007.

Old Second Bancorp Inc. (NASDAQ: OSBC | Quote | Chart | News | PowerRating) operates as a multi bank holding company that provides community banking and trust business services in the United States. The company's services include demand, NOW, money market, savings, time deposit, individual retirement, and Keogh deposit accounts; commercial, industrial, consumer, and real estate lending, including installment loans, student loans, farm loans, lines of credit, and overdraft checking; safe deposit operations; trust services; and wealth management services. It also offers various additional services, such as the acquisition of United States treasury notes and bonds, sale of traveler's checks, money orders, cashier's checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services, as well as electronic banking services, including Internet banking and corporate cash management. The company makes commercial and consumer loans to corporations, partnerships, and individuals; and focuses on business, capital, construction, inventory, and real estate lending, as well as offers direct and indirect installment loans to consumers and commercial customers. In addition, it originates residential mortgages, offering various products, such as conventional, government, and jumbo loans; handles the secondary marketing of these mortgages; and offers insurance agency services. As of December 31, 2007, the company operated 29 banking locations and 1 commercial loan production office in Kane, Kendall, DeKalb, DuPage, LaSalle, and Will counties in Illinois. Old Second Bancorp was founded in 1981 and is headquartered in Aurora, Illinois. With 13.75 million shares outstanding and 2.81 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of OSBC. According to quarterly data provided by the SEC, there were still 136,306 shares of OSBC that were failing-to-deliver as of June 27, 2008.

Gibraltar Industries Inc. (NASDAQ: ROCK | Quote | Chart | News | PowerRating) through its subsidiaries, manufactures, processes, and distributes residential and commercial building products and processed metal products for industrial applications. It operates in two segments, Building Products and Processed Metal Products. The Building Products segment offers ventilation products and accessories; storage solutions, including mailboxes and package delivery products; roof edging, underlayment, and flashing; soffit; drywall corner bead; structural support products; coated coil stock; metal roofing and accessories; steel framing; rain-carrying systems, including gutters and accessories; builders' hardware, shelving, and closet rods; lawn and garden products; diffusers and fasteners. It offers its products to lumber and building material wholesalers; buying groups; discount and retail home centers; home builders; HVAC and roofing distributors; and residential, industrial, and commercial contractors. The Processed Metal Products segment engages in intermediate processing of wide, open tolerance flat-rolled sheet steel and other metals through the application of various different processes to produce value-added coiled steel and other metal products to be further processed by customers. This segment also involves in materials management and steel picking. Its products are used in power and hand tool hardware, aerospace, electronics, automotive, and consumer products industries. The company offers its products in the United States, Canada, Mexico, Europe, Asia, and Central and South America. Gibraltar Industries was founded in 1993 and is headquartered in Buffalo, New York. With 29.94 million shares outstanding and 2.92 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of ROCK. According to quarterly data provided by the SEC, there were still 73,494 shares of ROCK that were failing-to-deliver as of November 2, 2004.

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 BWTR click here.

    


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