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BUYINS.NET: RTK, CSIQ, FRPT, HIBB, NFLX, PWER Have Also Been Removed From Naked Short List Today

Wed. October 08, 2008; Posted: 09:39 AM
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Oct 08, 2008 (M2 PRESSWIRE via COMTEX) -- RTK | 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: Rentech Inc (AMEX: RTK), Canadian Solar Inc. (NASDAQ: CSIQ), Force Protection Inc. (NASDAQ: FRPT), Hibbett Sports Inc. (NASDAQ: HIBB), Netflix Inc. (NASDAQ: NFLX), PowerOne Inc. (NASDAQ: PWER). 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.

Rentech Inc (AMEX: RTK | Quote | Chart | News | PowerRating) provides technologies that utilize domestic resources to produce ultra-clean synthetic fuels and chemicals. It licenses its proprietary derivative of the Fischer-Tropsch process, called Rentech Process, which converts synthesis gas derived from coal, petroleum coke, biomass, natural gas, or municipal solid waste into liquid hydrocarbon products, including ultra clean diesel fuel, jet fuel, naphtha, specialty chemicals, and other fuel products. Rentech, Inc. also manufactures anhydrous ammonia, UAN, nitric acid, carbon dioxide, and granular and liquid urea. In addition, it has a joint development agreement with Peabody Energy Corporation for the co-development of CTL projects that convert coal into ultra-clean transportation fuels using the Rentech Process. The company was founded in 1980 and is based in Los Angeles, California. With 166.26 million shares outstanding and 13.54 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of RTK. According to quarterly data provided by the SEC, there were still 2,191,650 shares of RTK that were failing-to-deliver as of July 6, 2006.

Canadian Solar Inc. (NASDAQ: CSIQ | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules built to general specifications for use in various residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products based on customers' requirements. Its specialty solar modules and products consist of customized modules that its customers incorporate into their own products, such as solar-powered bus stop lighting, and complete specialty products, such as solar-powered car battery chargers. In addition, the company implements solar power development projects, primarily in conjunction with government organizations to provide solar power generation in rural areas of China. It sells standard solar modules to distributors and system integrators, and specialty solar modules and products directly to various manufacturers, who integrate these solar modules into their own products or sell and market them as part of their product portfolio. Canadian Solar offers its products to customers located in various markets worldwide, including Germany, Spain, Canada, Korea, and China. The company was founded in 2001 and is based in Markham, Canada. With 35.63 million shares outstanding and 4.79 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of CSIQ. According to quarterly data provided by the SEC, there were still 1,058,080 shares of CSIQ that were failing-to-deliver as of March 18, 2008.

Force Protection Inc. (NASDAQ: FRPT | Quote | Chart | News | PowerRating) and its subsidiaries engage in the manufacture of ballistic and blast protected vehicles. The company's products are used to protect personnel during transport, removal of unexploded ordnance, route clearance, humanitarian de-mining, and other missions that require protection from landmines and hostile fire. Its products include The Buffalo series, which is designed for route clearing activities; and The Cougar series for troop transport, explosive ordinance disposal, command and control, artillery prime mover, recovery and ambulance duty, urban patrol, route clearance support, utility transport, and special unit activities. The company also offers The Cheetah series for reconnaissance, forward command and control, and urban operations. It serves the United States Army, the U.S. Marine Corps, and the U.S. Department of Defense, as well as the Iraqi Army and the British Military of Defense. The company was founded in 1996 and is based in Ladson, South Carolina. With 68.32 million shares outstanding and 3.86 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of FRPT. According to quarterly data provided by the SEC, there were still 2,644,213 shares of FRPT that were failing-to-deliver as of March 19, 2008.

Hibbett Sports Inc. (NASDAQ: HIBB | Quote | Chart | News | PowerRating) operates sporting goods retail stores in small to mid-sized markets primarily in the Sunbelt, Mid-Atlantic, and Midwest regions of the United States. Its stores offer footwear, athletic equipment, and apparel for school, athletic, and youth programs to educational institutions and youth associations. As of May 2, 2008, it operated 699 retail stores comprising 677 Hibbett Sports stores, 18 Sports Additions athletic shoe stores, and 4 Sports & Co. superstores in 23 states. The company was founded as Dixie Supply Company in 1945 and changed its name to Hibbett Sporting Goods, Inc. in 1996. Later, it changed its name to Hibbett Sports, Inc. in 2007. The company is headquartered in Birmingham, Alabama. With 28.47 million shares outstanding and 7.1 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of HIBB. According to quarterly data provided by the SEC, there were still 435,211 shares of HIBB that were failing-to-deliver as of March 20, 2008.

Netflix Inc. (NASDAQ: NFLX | Quote | Chart | News | PowerRating) provides online movie rental subscription services in the United States. It provides its subscribers access to a library of movie, television, and other filmed entertainment titles on digital versatile disc (DVD). As of December 31, 2007, the company served approximately 7.5 million subscribers with a library of approximately 90,000 movie, television, and other filmed entertainment titles on DVD. Netflix, Inc. was founded in 1997 and is headquartered in Los Gatos, California. With 60.87 million shares outstanding and 22.15 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of NFLX. According to quarterly data provided by the SEC, there were still 6,907,963 shares of NFLX that were failing-to-deliver as of October 20, 2004.

PowerOne Inc. (NASDAQ: PWER | Quote | Chart | News | PowerRating) engages in the design and manufacture of power conversion and power management products. Its products include alternate current (AC)/direct current (DC) power supplies that power various equipment used in the communications, networking, server/storage, computer, instrumentation, industrial, and electronic industries; DC power systems, which are used to power the communications infrastructure equipment by communications and Internet service providers; and DC/DC converters, including high-density and low-density brick' converters that are used to control power on communications printed circuit boards, as well as Point-of-Load converters that power devices within an Intermediate Bus Architecture, and in other applications. The company also provides alternative energy products, which convert solar or wind energy into useable AC/DC power; digital control products for motors; and various application-specific specialty power products. Power-One sells its products to equipment manufacturers in the communications infrastructure, server/storage, and other high technology markets through a network of manufacturers' representatives and distributors in Europe, North America, Asia, the Middle East, and Australia. The company was founded in 1973 and is based in Camarillo, California. With 87.77 million shares outstanding and 5.17 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of PWER. According to quarterly data provided by the SEC, there were still 840,782 shares of PWER that were failing-to-deliver as of June 3, 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 Canadian Solar Inc (CSIQ) click here. Canadian Solar Inc (CSIQ) has Short Term PowerRatings of 5. Details on Canadian Solar Inc (CSIQ) Short Term PowerRatings is available at This Link.

    


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