Quantcast
 
New book by Larry Connors - Click here to read more


 

BUYINS.NET: DGIF, MODC, NHYDY, NUSMF, WCIMQ Have Also Been Removed From Naked Short List Today

Thu. October 09, 2008; Posted: 09:51 AM
Stocks RSS
Oct 09, 2008 (M2 PRESSWIRE via COMTEX) -- WCIMQ | 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: Digital Info Security Company (OTC: DGIF), Modern Technology Corp. (OTC: MODC), Norsk Hydro ASA (OTC: NHYDY), Nautilus Minerals Inc (OTC: NUSMF), WCI Communities Inc (OTC: WCIMQ). 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.

Digital Info Security Company (OTC: DGIF | Quote | Chart | News | PowerRating) operates as an application service provider. The company provides hosted email archiving, email surveillance, spam filtering and virus protection, email conversion, encryption, instant message archiving, remote backup and restoration, colocation, blackberry hosting, and Web site hosting services. Its products and services include managed service provider, hosted or in-house solutions, blackberry and windows mobile solutions, contact management, pop3 hosting, exchange hosting, firewall management, online search and retrieval, disaster recovery, and industry specific solutions. Digital Info Security Company is based in Westminster, Colorado. With 106.15 million shares outstanding and 13,600 shares declared short as of September 2008, there is no longer a failure to deliver in shares of DGIF. According to quarterly data provided by the SEC, there were still 158,423 shares of DGIF that were failing-to-deliver as of April 13, 2007.

Modern Technology Corp. (OTC: MODC | Quote | Chart | News | PowerRating) supports private and public companies in the areas of business development, financing, product development, corporate strategy, corporate image and public relations, product distribution and marketing, and executive management consulting. The company, through its subsidiaries, also distributes audio and video solutions for home and mobile environments, including the HD-TV, Plasma TV, and LCD TV; and creates customized targeted online incentive programs, employee motivation campaigns, service award plans, and customer loyalty programs. The company was founded in 1982 and is based in Oxford, Mississippi. With 2.52 million shares outstanding and 1,300 shares declared short as of September 2008, there is no longer a failure to deliver in shares of MODC. According to quarterly data provided by the SEC, there were still 503,529 shares of MODC that were failing-to-deliver as of August 16, 2007.

Norsk Hydro ASA (OTC: NHYDY | Quote | Chart | News | PowerRating) supplies aluminium and aluminium products worldwide. It primarily offers casthouse products, such as extrusion ingots, sheet ingots, wire rod, and foundry alloys. The company also provides a range of downstream products and markets primarily in building, packaging, lithographic, and automotive market sectors. Norsk Hydro was founded in 1905 and is headquartered in Oslo, Norway. With 1.25 billion shares outstanding and 68,400 shares declared short as of September 2008, there is no longer a failure to deliver in shares of NHYDY. According to quarterly data provided by the SEC, there were still 448,730 shares of NHYDY that were failing-to-deliver as of February 15, 2008.

Nautilus Minerals Inc (OTC: NUSMF | Quote | Chart | News | PowerRating) engages in the exploration of the ocean floor for gold, copper, zinc, and silver seafloor massive sulphide deposits. It primarily focuses on the Solwara 1 project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. The Company holds approximately 370,000 square kilometers of tenement licenses and exploration applications in the territorial waters of Papua New Guinea, Fiji, Tonga, the Solomon Islands, and New Zealand along the western Pacific Ocean's Rim of Fire. Nautilus Minerals is based in Vancouver, Canada. With 145.9 million shares outstanding and 11,700 shares declared short as of September 2008, there is no longer a failure to deliver in shares of NUSMF. According to quarterly data provided by the SEC, there were still 280,241 shares of NUSMF that were failing-to-deliver as of August 6, 2007.

WCI Communities Inc (OTC: WCIMQ | Quote | Chart | News | PowerRating) operates as an integrated homebuilding and real estate services company in the United States. Its activities include single and multi-family homebuilding and mid and high-rise homebuilding, as well as the provision of real estate services. The company designs, sells, and builds traditional homes serving primary, second, and retirement home buyers; and designs, builds, and sells luxury residential towers and condominium hotels targeted to primary and affluent, leisure-oriented home purchasers. It also offers real estate services, including realty brokerage, title insurance and closing services, and mortgage banking services. In addition, the company develops and operates amenity facilities, including championship golf courses with clubhouses, fitness, tennis and recreational facilities, guest lodging, marinas, and restaurants; and sells selected land parcels to other builders and to end users for the design and construction of homes, as well as enters into real estate joint ventures. As of December 31, 2007, it had 79 locations where it builds single-family and multi-family homes or mid-rise and high-rise residential units, or operating amenity facilities. The company was founded in 1946 and is headquartered in Bonita Springs, Florida. On August 4, 2008, WCI Communities Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Wilmington. With 42.17 million shares outstanding and 9.12 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of WCIMQ.

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 DGIF 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





Most Popular News
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.