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BUYINS.NET: CUK, LPL, MPG, SKS, SKT, WNR Have Been Removed From Naked Short List Today

Wed. October 08, 2008; Posted: 09:34 AM
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Oct 08, 2008 (M2 PRESSWIRE via COMTEX) -- WNR | 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: Carnival plc (NYSE: CUK), LG Display Co. Ltd. (NYSE: LPL), Maguire Properties Inc. (NYSE: MPG), Saks Inc. (NYSE: SKS), Tanger Factory Outlet Centers (NYSE: SKT), Western Refining Inc. (NYSE: WNR). 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.

Carnival plc (NYSE: CUK | Quote | Chart | News | PowerRating) a cruise vacation company, offers holiday and vacation products worldwide. It provides cruises to various vacation destinations with a portfolio of 11 cruise brands comprising Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn Cruise Line in North America; P&O Cruises, Cunard Line, and Ocean Village in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in southern Europe; P&O Cruises in Australia and New Zealand; and Iberocruceros in Spain. The company also owns two cruise/tour operators, Holland America Tours and Princess Tours that complement its cruise operations in Alaska and the Yukon Territory of Canada. As of January 29, 2008, the company operated 85 cruise ships with approximately 158,352 passenger capacity. It also marketed and operated 16 hotels or lodges with approximately 3,500 guest rooms; approximately 560 motor coaches used for sightseeing and charters; 24 domed rail cars, which run on the Alaska railroad between Anchorage and Fairbanks, Whittier and Denali, and Whittier and Talkeetna; 2 luxury dayboats; and sightseeing packages. Carnival plc sells its cruises through travel agents, including wholesalers and tour operators. The company, formerly known as P&O Princess Cruises plc, was founded in 1850. Carnival plc is headquartered in London, the United Kingdom. With 213.21 million shares outstanding and 155,500 shares declared short as of September 2008, there is no longer a failure to deliver in shares of CUK. According to quarterly data provided by the SEC, there were still 569,593 shares of CUK that were failing-to-deliver as of August 2, 2007.

LG Display Co. Ltd. (NYSE: LPL | Quote | Chart | News | PowerRating) manufactures and supplies thin film transistor liquid crystal displays (TFT-LCD) to original equipment manufacturers and multinational corporations. The company manufactures TFT-LCD panels in a range of sizes and specifications for use in televisions, notebook computers, and desktop monitors. It also offers LCDs for handheld application products, including mobile phones, as well as for industrial and other applications comprising entertainment systems, automobile navigation systems, portable DVD players, digital photo displays, and medical diagnostic equipment. The company was founded in 1985. It was formerly known as LG LCD Co., Ltd. and changed its name to LG.Philips LCD Co., Ltd. in 1999. Later, the company changed its name to LG Display Co., Ltd. in March 2008. LG Display Co. is based in Seoul, The Republic of Korea. With 715.63 million shares outstanding and 5.33 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of LPL. According to quarterly data provided by the SEC, there were still 3,976,288 shares of LPL that were failing-to-deliver as of July 28, 2004.

Maguire Properties Inc. (NYSE: MPG | Quote | Chart | News | PowerRating) a real estate investment trust (REIT), engages in the ownership, management, acquisition, and development of office and real estate properties primarily in California. As of June 30, 2005, the company owned a portfolio of 25 commercial real estate properties, including 22 office and retail projects, a 350-room hotel, 6 off-site parking garages totaling approximately 5,969 spaces, and onsite structured and surface parking totaling approximately 26,549 spaces. It also owned undeveloped land that could support approximately 11.8 million square feet of office, retail, structured parking, and residential uses, as of the above date. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1965 and is headquartered in Los Angeles, California. With 47.89 million shares outstanding and 14.12 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of MPG. According to quarterly data provided by the SEC, there were still 1,572,331 shares of MPG that were failing-to-deliver as of January 23, 2008.

Saks Inc. (NYSE: SKS | Quote | Chart | News | PowerRating) a fashion retail company, together with its subsidiaries, operates fashion retail stores under the brand names of Saks Fifth Avenue (SFA), Off Fifth, and Club Libby Lu (CLL) offering a range of luxury fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. SFA stores are principally free-standing stores in shopping destinations or anchor stores in upscale regional malls. Off Fifth stores are primarily located in upscale mixed-use and off-price centers. CLL stores consist of mall-based specialty stores, targeting girls aged 4-12 years old. As of February 2, 2008, Saks operated 54 SFA stores, 48 Off Fifth stores, and 95 CLL specialty stores, which include 75 standalone stores and 20 store-in-stores. The company also sells its products through catalog or Internet at www.saks.com. It has a credit card strategic alliance with HSBC Bank Nevada. The company was founded in 1919 and is headquartered in New York, New York. With 141.9 million shares outstanding and 25.48 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of SKS. According to quarterly data provided by the SEC, there were still 1,158,621 shares of SKS that were failing-to-deliver as of August 15, 2007.

Tanger Factory Outlet Centers (NYSE: SKT | Quote | Chart | News | PowerRating) operates as a real estate investment trust (REIT). The company, through its subsidiary, Tanger Properties Limited Partnership, engages in acquiring, developing, owning, operating, and managing factory outlet shopping centers. As of September 30, 2005, Tanger owned and operated 33 factory outlet centers in 22 states totaling 8.7 million square feet of gross leasable area. It also provides development, leasing, and management services for its outlet centers. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to Federal income taxes provided it distributes at least 90% of its taxable income to its shareholders. Tanger Factory Outlet Centers was founded by Stanley K. Tanger in 1981. The company is headquartered in Greensboro, North Carolina. With 31.62 million shares outstanding and 6.86 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of SKT. According to quarterly data provided by the SEC, there were still 353,923 shares of SKT that were failing-to-deliver as of January 29, 2008.

Western Refining Inc. (NYSE: WNR | Quote | Chart | News | PowerRating) through its subsidiaries, operates as an independent crude oil refiner and marketer of refined products. The company operates through three groups: Refining Group, Wholesale Group, and Retail Group. Its Refining Group operates four refineries and related refined products terminals, and asphalt terminals. The company's Refining Group refines crude oil and other feed stocks into finished products, such as gasoline, diesel fuel, jet fuel, and asphalt, as well as markets its products to wholesale distributors and retail chains. Its Wholesale Group distributes commercial wholesale petroleum products primarily in Arizona, California, Colorado, Nevada, New Mexico, Texas, and Utah to customers in the mining, construction, utility, manufacturing, transportation, aviation, and agricultural industries. The company's Retail Group operates service stations, which include convenience stores or kiosks that sell gasoline, diesel fuel, general merchandise, and beverage and food products. As of February 22, 2008, the company owned and operated 155 retail service stations and convenience stores in Arizona, Colorado, and New Mexico. Western Refining, Inc. is headquartered in El Paso, Texas. With 68.38 million shares outstanding and 8.9 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of WNR. According to quarterly data provided by the SEC, there were still 1,348,258 shares of WNR that were failing-to-deliver as of March 24, 2008.

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 on Carnival Plc (CUK) click here. Carnival Plc (CUK) has Short Term PowerRatings of 6. Details on Carnival Plc (CUK) Short Term PowerRatings is available at This Link.

    


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