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BUYINS.NET: RTP, MECA, STSI, ACMUY, TRDFF Have Been Added To Naked Short List Today

Fri. October 10, 2008; Posted: 09:16 AM
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Oct 10, 2008 (M2 PRESSWIRE via COMTEX) -- TRDFF | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Rio Tinto plc (NYSE: RTP), Magna Entertainment Corp. (NASDAQ: MECA), Star Scientific Inc. (NASDAQ: STSI), Acom Co Ltd Sponsored ADR (OTC: ACMUY), Traderfied Media N.V. New York Registry (OTC: TRDFF). 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.

Rio Tinto plc (NYSE: RTP | Quote | Chart | News | PowerRating) engages in mining and processing mineral resources. The company's products include aluminum, copper, diamond, coal, uranium, gold, borax, nickel, zinc, lead, silver, borate, potash, alumina, gypsum, molybdenum, sulphuric acid, titanium dioxide, salt, talc, and iron ore. It also engages in the production and sale of cathode blocks, anodes, aluminium fluoride, and calcined coke; and the provision of engineering services and sale of smelting equipment, as well as the sale of electricity where generation is surplus to production needs. The company operates worldwide with a primary focus in Australia and North America. Rio Tinto plc was founded in 1873 and is headquartered in London, the United Kingdom. With 267.95 million shares outstanding and 326,500 shares declared short as of September 2008, there is a failure to deliver in shares of RTP. According to quarterly data provided by the SEC, there were still 456,852 shares of RTP that were failing-to-deliver as of June 29, 2006.

Magna Entertainment Corp. (NASDAQ: MECA | Quote | Chart | News | PowerRating) engages in the ownership and operation of horse racetracks in California, Florida, Maryland, Texas, Oklahoma, Ohio, Oregon, and Ebreichsdorf, Austria. It operates seven thoroughbred racetracks, one standardbred racetrack, and two racetracks that run both thoroughbred and quarterhorse meets, as well as the simulcast wagering venues at these tracks. The company also supplies live racing content to the inter-track, off-track, and account wagering markets; operates off-track betting facilities that permit customers to place wagers by telephone and over the Internet; owns 50% interest in HorseRacing TV, a television network focused on horse racing; provides totalisator services to the pari-mutuel industry; and operates casinos with alternative gaming machines. In addition, it owns and operates production facilities in Austria and in North Carolina for StreuFex, a straw-based horse bedding product; holds interests in a real estate portfolio comprising a residential development in Austria and the United States; and develops leisure and entertainment or retail-based projects. The company was founded in March 1999 as MI Venture, Inc. and changed its name to MI Entertainment Corp. in November 1999. Later, it changed its name to Magna Entertainment Corp. in 2000. The company is based in Aurora, Canada. Magna Entertainment Corp. is a subsidiary of MI Developments, Inc. With 5.85 million shares outstanding and 14,200 shares declared short as of September 2008, there is a failure to deliver in shares of MECA. According to quarterly data provided by the SEC, there were still 923,248 shares of MECA that were failing-to-deliver as of April 4, 2008.

Star Scientific Inc. (NASDAQ: STSI | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the development, implementation, and licensing of tobacco curing technology that prevents the formation of carcinogenic toxins present in tobacco and tobacco smoke, primarily the tobacco-specific nitrosamines (TSNAs). It manufactures, sells, markets, and develops low-TSNA dissolvable smokeless tobacco products designed to provide adult tobacco users with an alternative to cigarettes. The company's dissolvable smokeless tobacco products include ARIVA cigalett pieces, a compressed powdered tobacco product; and STONEWALL Hard Snuff, a non-fermented spit-free hard tobacco product. The company also focuses on the development of tobacco-based pharmaceutical products for the treatment of tobacco dependence, as well as a range of neurological conditions, including Alzheimer's disease, Parkinson's disease, schizophrenia, and depression. It sells its products through tobacco distributors and wholesalers, as well as through drug store chains and other consumer product distributors in the United States. The company was founded in 2000 and is based in Petersburg, Virginia with an additional office in Bethesda, Maryland. With 92.11 million shares outstanding and 4.65 million shares declared short as of September 2008, there is a failure to deliver in shares of STSI. According to quarterly data provided by the SEC, there were still 1,069,422 shares of STSI that were failing-to-deliver as of August 30, 2005.

Acom Co Ltd Sponsored ADR (OTC: ACMUY | Quote | Chart | News | PowerRating) together with its subsidiaries, provides various financial services in Japan. It offers unsecured loans for consumers through various channels, including outlets, automated contract machines, the Internet, and mobile phones. The company provides various diversified financial services, such as credit card, installment sales finance, guarantee, and loan servicing. It offers guarantees on unsecured personal loans via alliances with financial institutions. The company also provides loan-servicing-related clerical work outsourcing services, temporary staffing services, and corporate revitalization support services. In addition, it engages in renting out goods used in daily life and leisure equipment, advertising agency services, life and non-life insurance agency services, and real-estate-related activities. The company was founded in 1936 and is headquartered in Tokyo, Japan. With 159.63 million shares outstanding and 13,000 shares declared short as of September 2008, there is a failure to deliver in shares of ACMUY. According to quarterly data provided by the SEC, there were still 3,783,291 shares of ACMUY that were failing-to-deliver as of February 2, 2006.

Traderfied Media N.V. New York Registry (OTC: TRDFF | Quote | Chart | News | PowerRating) provides classified advertising services and solutions to professional and individual buyers and sellers through Internet, print, telephone, short messaging service, and direct mail. The company facilitates consumer-to-consumer and business-to-consumer transactions through its print and online classified advertising properties. Its print and online properties facilitate local, regional, and national commerce by serving as a marketplace where consumers and businesses, including car dealers, real estate, and employment agencies advertise goods and services for sale and to reach the sellers to purchase the items. The company offers its services under various brand names, such as Segundamano and Infojobs in Spain; Auto Trader, and Buy and Sell in Canada; La Centrale in France; Secondamano and Piu Case in Italy; and Segundamano in Argentina and Mexico. As of February 28, 2006, it produced 365 print titles and hosted 40 Web sites in 13 countries, including Spain, Latin America, Canada, France, and Italy. Trader Classified Media was founded in 1987 and is headquartered in Amsterdam, The Netherlands. With 104.3 million shares outstanding and 1,200 shares declared short as of September 2008, there is a failure to deliver in shares of TRDFF. According to quarterly data provided by the SEC, there were still 15,629 shares of TRDFF that were failing-to-deliver as of June 20, 2007.

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 ACMUY click here.

    


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