Quantcast
 
Annual return of 118.79% - See How  Click here now!


 

BUYINS.NET: SBKC, TITN, BMRX, COGC, TAOL, FCACF Have Also Been Removed From Naked Short List Today

Fri. October 03, 2008; Posted: 09:42 AM
Stocks RSS
Oct 03, 2008 (M2 PRESSWIRE via COMTEX) -- TITN | 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: Security Bank Corp. (NASDAQ: SBKC), Titan Machinery Inc. (NASDAQ: TITN), bioMETRX Inc. (OTCBB: BMRX), California Oil & Gas Corp. (OTCBB: COGC), TAO Minerals Ltd. (OTCBB: TAOL), Formation Capital Corporation (OTC: FCACF). 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.

Security Bank Corp. (NASDAQ: SBKC | Quote | Chart | News | PowerRating) operates as a multi-bank holding company that provides a range of community banking services in Georgia. The company offers a range of lending services, including real estate-construction and real estate-mortgage loans; and commercial, financial, and agricultural loans, as well as various installment loans to individuals for personal, family, and household purposes. It also provides a range of retail and commercial banking products and services, including checking, savings, and money market accounts; certificates of deposit; credit cards; individual retirement accounts; safe-deposit boxes; money orders; electronic funds transfer services; and travelers' checks and automatic teller machine access, as well as investment management and financial planning services. In addition, the company operates CFS Wealth Management, LLC, which offers investment management and planning services; and Fairfield Financial Services, Inc. that provides real estate and development lending, and traditional mortgage origination services in Florida, Georgia, South Carolina, and Alabama. Security Bank Corporation also specializes in credit lines for other commercial banks, warehouse lending, loans to directors of other banks, and participation loans through its Correspondent Banking division. As of December 31, 2007, it operated through 45 full service banking and loan production offices. The company was founded in 1988 and is headquartered in Macon, Georgia. With 23.25 million shares outstanding and 1.7 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of SBKC. According to quarterly data provided by the SEC, there were still 550,300 shares of SBKC that were failing-to-deliver as of June 18, 2008.

Titan Machinery Inc. (NASDAQ: TITN | Quote | Chart | News | PowerRating) owns and operates a network of full service agricultural and construction equipment stores in North America. It operates as the retail dealer of Case IH Agriculture equipment and a retail dealer of New Holland agriculture, case construction, and construction equipment in the United States. The company also sells and rents agricultural and construction equipment; sells maintenance and replacement parts; and provides repair and maintenance services. It sells and services various agricultural equipment, including application equipment and sprayers, combines and attachments, hay and forage equipment, planting and seeding equipment, precision farming technology, tillage equipment, and tractors for large-scale farming, home, and garden use. The company also offers construction equipment, such as articulated trucks, compact track loaders, compaction equipment, cranes, crawler dozers, excavators, forklifts, loader/backhoes, loader/tool carriers, motor graders, skid steer loaders, telehandlers, and wheel loaders for commercial and residential construction, road and highway construction, and mining applications. Its customers include farmers, construction contractors, public utilities, municipalities, and maintenance contractors. As of January 31, 2008, the company operated 39 full service agricultural and construction equipment stores, as well as 2 outlet stores in North Dakota, Minnesota, Iowa, and South Dakota. Titan Machinery, Inc. was founded in 1980 and is headquartered in Fargo, North Dakota. With 17.64 million shares outstanding and 4.36 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of TITN. According to quarterly data provided by the SEC, there were still 53,760 shares of TITN that were failing-to-deliver as of June 24, 2008.

bioMETRX Inc. (OTCBB: BMRX | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the design, development, engineering, and marketing of biometrics-based products for the consumer home security and consumer electronics markets in the United States. The company's product line includes biometrically enabled residential locks, central station alarm keypads, thermostats, garage/gate openers, and mailboxes, as well as kitchen, liquor, and gun cabinets under the trade name smartTOUCH. Its products utilize finger recognition technology designed to augment or replace conventional security methods, such as keys, keypads, and PIN numbers. bioMETRX markets its products through retailers, partner distribution channels, and direct to consumer sales. The company was founded in 2001 and is based in Jericho, New York. With 33.58 million shares outstanding and 54,400 shares declared short as of September 2008, there is no longer a failure to deliver in shares of BMRX. According to quarterly data provided by the SEC, there were still 356,203 shares of BMRX that were failing-to-deliver as of April 21, 2008.

California Oil & Gas Corp. (OTCBB: COGC | Quote | Chart | News | PowerRating) engages in the identification, acquisition, and exploration of oil and natural gas properties in California and Louisiana, the United States. The company, formerly known as Ucluelet Exploration Corp., was founded in 2002 and is based in Calgary, Canada. With 41.59 million shares outstanding and 33,100 shares declared short as of September 2008, there is no longer a failure to deliver in shares of COGC. According to quarterly data provided by the SEC, there were still 663,081 shares of COGC that were failing-to-deliver as of June 25, 2008.

TAO Minerals Ltd. (OTCBB: TAOL | Quote | Chart | News | PowerRating) engages in the exploration, development, and production of natural resource properties, primarily gold, silver, and precious metals. The company owns interests in the Whale Mine property, which consists of 12 contiguous unpatented mineral claims located in Nevada; and the Risaraldo La Golondrina D14-082 property comprising 9,600 acres situated in Narino, Colombia. TAO Minerals was founded in 2004 and is based in Medellin, Columbia. With 55.82 million shares outstanding and 266,200 shares declared short as of September 2008, there is no longer a failure to deliver in shares of TAOL. According to quarterly data provided by the SEC, there were still 731,923 shares of TAOL that were failing-to-deliver as of May 15, 2006.

Formation Capital Corporation (OTC: FCACF | Quote | Chart | News | PowerRating) engages in the acquisition, exploration, development, and refining of mineral natural resource properties in the United States, Canada, and Mexico. The company's principal mineral property is the Idaho Cobalt project that consists of 144 unpatented lode mining claims covering an area of 2,520 acres in Lemhi County, Idaho, near the town of Salmon. Formation Capital also explores for silver, gold, copper, lead, zinc, and uranium. The company was founded in 1988 and is headquartered in Vancouver, Canada. With 203.5 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of FCACF. According to quarterly data provided by the SEC, there were still 935,944 shares of FCACF that were failing-to-deliver as of February 17, 2005.

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 2,200,000,000 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 BMRX 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 [BMRX]
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


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.

© 2008 The Connors Group, Inc.