BUYINS.NET: Lexison Pharmaceuticals (LXRX) Daily Short Sale Trading Volume Through 10-8-09

Oct 09, 2009 (M2 PRESSWIRE via COMTEX) -- LXRX | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Thursday, October 8th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Lexison Pharmaceuticals (NASDAQ: LXRX | Quote | Chart | News | PowerRating) for August through October 8th, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Short Volume Total Volume Percent

10/8/2009 125,961 778,200 16.19%

10/7/2009 36,190 284,000 12.74%

10/6/2009 23,682 276,600 8.56%

10/5/2009 53,248 333,900 15.95%

10/2/2009 54,808 330,900 16.56%

10/1/2009 96,077 555,200 17.30%

9/30/2009 29,586 296,000 10.00%

9/29/2009 21,838 248,500 8.79%

9/28/2009 23,160 343,800 6.74%

9/25/2009 87,428 535,000 16.34%

9/24/2009 97,511 403,500 24.17%

9/23/2009 59,540 312,000 19.08%

9/22/2009 79,810 444,500 17.96%

9/21/2009 49,904 429,700 11.61%

9/18/2009 365,665 1,064,600 34.35%

9/17/2009 208,085 1,187,000 17.53%

9/16/2009 616,800 3,324,400 18.55%

9/15/2009 2,788,784 20,563,300 13.56%

9/14/2009 31,069 132,100 23.52%

9/11/2009 28,486 74,400 38.29%

9/10/2009 27,685 125,800 22.01%

9/9/2009 61,093 190,200 32.12%

9/8/2009 25,749 72,900 35.32%

9/4/2009 45,233 149,600 30.24%

9/3/2009 10,962 101,900 10.76%

9/2/2009 4,190 104,800 4.00%

9/1/2009 28,794 159,000 18.11%

8/31/2009 19,320 152,131 12.70%

8/28/2009 17,006 106,300 16.00%

8/27/2009 8,963 42,600 21.04%

8/26/2009 57,546 146,200 39.36%

8/25/2009 21,084 173,600 12.15%

8/24/2009 41,086 214,900 19.12%

8/21/2009 151,360 382,100 39.61%

8/20/2009 10,306 84,400 12.21%

8/19/2009 3,978 117,300 3.39%

8/18/2009 14,133 99,200 14.25%

8/17/2009 11,609 150,300 7.72%

8/14/2009 9,245 127,900 7.23%

8/13/2009 10,440 90,900 11.49%

8/12/2009 14,951 143,000 10.46%

8/11/2009 8,753 85,900 10.19%

8/10/2009 9,526 81,500 11.69%

8/7/2009 28,182 154,600 18.23%

8/6/2009 18,820 127,000 14.82%

8/5/2009 19,363 152,300 12.71%

8/4/2009 72,883 348,800 20.90%

8/3/2009 29,119 156,500 18.61%

Total 5,659,011 35,959,231 15.74%

In late October 2008 the SEC updated Regulation SHO requiring that all short sellers must locate, borrow and deliver any shares they have shorted, no exceptions, by T+3 settlement date. If not, a buy-in must be forced by the broker dealer that the short seller transacted through by the opening of the market on T+4. Since a company first appears on the naked short list when short sellers have been failing to deliver for 5 consecutive trading days, stocks should theoretically never be on the naked short list again. BUYINS.NET will monitor the exchangesa naked short lists daily and issue an alert and notify the SEC and FINRA should short sellers fail to deliver on any short sales.

Reg SHO Rule 204 (i) requires brokers to deliver shares on long and short sales of publicly traded equity securities by settlement date, (ii) continues to require brokers to close-out fails to deliver by the beginning of trading on T+4 for short sales and T+6 for long sales, (iii) precludes clearing brokers and their introducing brokers from selling short a security, other than on a pre-borrowed basis, if a fail to deliver in that security is not timely closed out until the fail is closed out and that close-out transaction settles, (iv) allows clearing brokers to allocate fails to introducing brokers and (v) continues to permit brokers to rely upon pre-fail credit to satisfy Rule 204's close-out requirement to avoid the pre-borrow requirements when a fail at a clearing broker has not been closed out. However, the SEC liberalized certain of these provisions in several regards. For example, permanent Rule 204 now allows a broker to close-out a fail on a long sale by borrowing the security, whereas Rule 204T had only permitted closing out long fails by buying-in, which should alleviate some of the buy-in risk for investors that experience long fails. Similar relief was extended to close-outs for market maker fails, so that a fail from a bona fide market making transaction (including short and long fails) can now be closed out by the beginning of trading on T+6 by borrowing the security. Further, Rule 204 now permits a broker to borrow securities to obtain pre-fail credit for early close-outs, whereas temporary Rule 204T only permitted pre-fail credit to be obtained by purchases of securities.

The SEC refused requests to extend the close-out deadline for fails to deliver to the close of business on the close-out deadline, choosing instead to retain the requirement that all fails be closed out by the beginning of trading on the applicable close-out deadline. The Commission also rejected requests for a fail to deliver exception that would have provided an exception from the close-out requirements if a clearing broker's fail position was below a certain amount but said that it would continue to monitor whether a de minimis or odd lot exception could be warranted.

Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX), a biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of human disease, including immunology, metabolism, cardiology, and ophthalmology. The companyas drug candidates include LX1031, which is in a Phase II clinical trial for the treatment of irritable bowel syndrome and other gastrointestinal disorders; LX1032 that has completed Phase I clinical trials to treat the symptoms associated with carcinoid syndrome; LX2931, which is in Phase I clinical trial for the treatment of rheumatoid arthritis and other autoimmune diseases; and LX4211 that is in Phase 1 clinical trials to treat Type 2 diabetes. It also has a preclinical development drug candidate, LX7101, for the treatment of glaucoma. Lexicon Pharmaceuticals has drug discovery alliances with Bristol-Myers Squibb Company to discover, develop, and commercialize small molecule drugs in the neuroscience field; and N.V. Organon to discover, develop, and commercialize new biotherapeutic drugs. It also has an alliance with Nuevolution A/S, which provides access to Nuevolutionas Chemetics platform chemistry technology. The company was founded in 1995 and is headquartered in The Woodlands, Texas.

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BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,650,000,000 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 monthas short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.

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