Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

BUYINS.NET: PUK, ONAV, XING, ADXS Have Been Removed From Naked Short List Today

Wed. November 26, 2008; Posted: 10:06 AM
Stocks RSS
Nov 26, 2008 (M2 PRESSWIRE via COMTEX) -- XING | 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: Prudential Public Ltd. Comp (NYSE: PUK), Omega Navigation Enterprises Inc. (NASDAQ: ONAV), Qiao Xing Universal Telephone Inc. (NASDAQ: XING), Advaxis Inc. (OTCBB: ADXS). 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.

Prudential Public Ltd. Comp (NYSE: PUK | Quote | Chart | News | PowerRating) With 1.24 billion shares outstanding and 61,200 shares declared short as of October 2008, there is no longer a failure to deliver in shares of PUK. According to quarterly data provided by the SEC, there were still 3,931,911 shares of PUK that were failing-to-deliver as of December 17, 2007.

Omega Navigation Enterprises Inc. (NASDAQ: ONAV | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the ocean transportation of crude and refined petroleum products worldwide. As of December 31, 2007, it owned and operated a fleet of six double hull product tankers and two Ice Class 1A double hull product tankers with a cargo-carrying capacity of 512,358 deadweight tons. The company's products tankers transport refined petroleum products, including gasoline, jet fuel, kerosene, naphtha, gas oil, and heating oil. Omega Navigation Enterprises was founded in 2005 and is based in Piraeus, Greece. With 15.21 million shares outstanding and 50,100 shares declared short as of October 2008, there is no longer a failure to deliver in shares of ONAV. According to quarterly data provided by the SEC, there were still 845,922 shares of ONAV that were failing-to-deliver as of April 12, 2006.

Qiao Xing Universal Telephone Inc. (NASDAQ: XING | Quote | Chart | News | PowerRating) together with its subsidiaries, designs, manufactures, and sells telecommunication terminals and equipment in the People's Republic China. The company primarily manufactures mobile phone handsets under CECT, Qiao Xing, and COSUN brands. It also offers mobile phones and accessories; terminals and equipment, including cord and cordless telephone sets; wireless fixed phones; Little Smart phones with removable cards; and VOIP phones. In addition, the company sells fax machines; CDMA city-phones; CDMA inter-village phones; residential gateways; and ADSL products. Qiao Xing Universal markets its products to local distributors, retail outlets, and end users through national and provincial distributors. It has strategic partnerships with China Telecom, China Netcom, China Railcom, China Mobile, and China Unicom. The company was founded in 1992 and is based in Huizhou City, the People's Republic of China. With 30.95 million shares outstanding and 560,900 shares declared short as of October 2008, there is no longer a failure to deliver in shares of XING. According to quarterly data provided by the SEC, there were still 686,714 shares of XING that were failing-to-deliver as of June 29, 2006.

Advaxis Inc. (OTCBB: ADXS | Quote | Chart | News | PowerRating) a development stage biotechnology company, engages in the research and development of new cancer-fighting techniques. It develops cancer vaccines targeting cervical, breast, prostate, ovarian, lung, and other cancers. The company's products in development include Lovaxin C, a Phase I/II trial product to treat cervical intraepithelial neoplasia, cervical cancer, and head and neck cancer; Lovaxin P, a preclinical stage product for prostate cancer; and Lovaxin B, a preclinical stage product to treat breast cancer. Advaxis has strategic collaboration with Cobra Biomanufacturing PLC for manufacturing cervical cancer vaccine. The company was founded in 2002 and is based in North Brunswick, New Jersey. With 109.32 million shares outstanding and 7,500 shares declared short as of October 2008, there is no longer a failure to deliver in shares of ADXS. According to quarterly data provided by the SEC, there were still 474,882 shares of ADXS that were failing-to-deliver as of March 9, 2006.

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 2,250,000,000 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 ADXS 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

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


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.

© 2009 The Connors Group, Inc.