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BUYINS.NET: ALSWF, COSWF, ESSFO, WOSLY, WXJXF, YNGFF Have Also Been Removed From Naked Short List Today

Fri. September 05, 2008; Posted: 09:39 AM
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Sep 05, 2008 (M2 PRESSWIRE via COMTEX) -- YNGFF | 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: Absolute Software Corp (OTC: ALSWF), Canadian Oil Sands Trust Units (OTC: COSWF), Essex Property Trust, Inc. (OTC: ESSFO), Wolseley plc (OTC: WOSLY), Western Canadian Coal Corp (OTC: WXJXF), YukonNevada Gold Corp (OTC: YNGFF). 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.

Absolute Software Corp (OTC: ALSWF | Quote | Chart | News | PowerRating) engages in the development, marketing, and support of computer security and asset management services and products. It primarily offers computer theft recovery, data protection, and secure asset tracking solutions. The company's product line is based on the patented Computrace Technology Platform, a client/server architecture that provides client-initiated IP-based communications. Its technology also includes the Computrace agent, which resides on the hard drive or ideally embedded in the basic input output system of the host computer, forming the basis for multiple computer security and asset management products and services. The company's products and services include ComputraceComplete, a solution that combines computer theft recovery, data protection, and secure asset tracking, which allows IT administrators to centrally manage corporate IT assets by monitoring computer movement, call history, asset leasing information, and software license compliance; and Computrace Data Protection and ComputracePlus enables the customers to track stationary, remote, and mobile computer assets, as well as remotely wipe sensitive data if the computer is lost, stolen, or nearing the end of its lifecycle. In addition, Absolute Software Corporation offers AbsoluteTrack, an asset tracking solution for corporate, government, and education environments, which allow IT departments to centrally manage their computer population; Computrace Mobile that gives IT administrators the ability to track and manage their organization's handheld devices and remotely delete data in case they go missing; and Computrace LoJack for Laptops, the solution for computer theft recovery for home office, small business, and consumers. It sells its solutions in a software-as-a-service model, in which the customers acquire subscriptions to the company's software based services. The company was founded in 1993 and is headquartered in Vancouver, Canada. With 47.2 million shares outstanding and 1.28 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of ALSWF. According to quarterly data provided by the SEC, there were still 22,535 shares of ALSWF that were failing-to-deliver as of September 14, 2007.

Canadian Oil Sands Trust Units (OTC: COSWF | Quote | Chart | News | PowerRating) operates as an open-ended investment trust in Canada. The trust, through its indirect interest in the Syncrude Joint Venture, engages in the mining and upgrading of bitumen from oil sands in northern Alberta. Its activities include operation of oil sands mines, bitumen extraction plants, an upgrading complex that processes bitumen into a synthetic crude oil, and electrical power utility plants. The company mines oil sands from three mines, which include the Base Mine and North Mine located near the Mildred Lake site, and the Aurora North Mine located near the base operations site. As of December 31, 2006, it had proved plus probable reserves of 1.8 billion barrels of synthetic crude oil. Canadian Oil Sands Trust was founded in 1995 and is headquartered in Calgary, Canada. With 481.54 million shares outstanding and 852,100 shares declared short as of July 2008, there is no longer a failure to deliver in shares of COSWF. According to quarterly data provided by the SEC, there were still 40,000 shares of COSWF that were failing-to-deliver as of September 24, 2007.

Essex Property Trust, Inc. (OTC: ESSFO) a real estate investment trust (REIT), engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities primarily in the West Coast of the United States. It has a 90.9% general partner interest in Essex Portfolio, L.P. As of December 31, 2007, the company owned or held an interest in 134 apartment communities, comprising 27,489 apartment units, of which 13,205 units were located in Southern California; 8,462 units were located in the San Francisco Bay Area; 5,520 units were located in the Seattle metropolitan area; and 302 units were located in other areas, which consists one community in Houston, Texas. Its other properties included 6 office buildings, 2 recreational vehicle parks, and 1 manufactured housing community. The company has elected to be taxed as a REIT and would not be subject to federal income tax on the portion of its income that is distributed to stockholders. Essex Property Trust was founded in 1971 and is headquartered in Palo Alto, California. With 5.98 million shares outstanding and 123,900 shares declared short as of July 2008, there is no longer a failure to deliver in shares of ESSFO.

Wolseley plc (OTC: WOSLY | Quote | Chart | News | PowerRating) engages in the distribution of heating and plumbing products to the professional market, as well as supplies building materials in Europe and North America. It distributes various products, including plumbing, heating, and air conditioning comprising baths, showers and accessories, sanitaryware, brassware, bathroom furniture, boilers and burners, radiators and valves, hot water cylinders and flues, control equipment, and ventilation/air conditioning equipment; and building materials, such as insulation, plaster and plasterboard, roofing materials, bricks, blocks and aggregates, tiles and flooring, timber products, doors and frames, glass, beams and trusses, and hardware. The company also distributes electrical, including cables and cabling accessories, controls and switchgear, wiring accessories, lighting, data networking supplies, and cable management; and civils/waterworks, industrial, and commercial products, such as tanks and treatment plants, sheet material, drainage pipes and associated supplies, underground pressure pipes, small bore pressure pipes and fittings, and other pipes and valves, as well as provides construction services to house builders. As of July 31, 2007, Wolseley operated 5,296 branches in 28 countries. The company was founded in 1887 and is headquartered in Reading, the United Kingdom. With 661.98 million shares outstanding and 124,200 shares declared short as of July 2008, there is no longer a failure to deliver in shares of WOSLY.

Western Canadian Coal Corp (OTC: WXJXF | Quote | Chart | News | PowerRating) engages in acquiring, exploring, and developing coal mining properties primarily in Canada. It has rights to two multi-deposit coal property groups, including the Wolverine and Brazion groups of properties located in northeastern British Columbia under license or lease. The company's principal properties comprises the Perry Creek, EB, and Hermann open-pit deposits located within the Wolverine group of coal properties; and the Brule open-pit mine and Willow Creek Mine located within the Burnt River property which forms part of the Brazion group. Western Canadian Coal Corp. was founded in 1997 and is based in Vancouver, Canada. With 116.0 million shares outstanding and 233,600 shares declared short as of July 2008, there is no longer a failure to deliver in shares of WXJXF. According to quarterly data provided by the SEC, there were still 106,400 shares of WXJXF that were failing-to-deliver as of August 7, 2007.

YukonNevada Gold Corp (OTC: YNGFF | Quote | Chart | News | PowerRating) engages in the acquisition, exploration, development, and production of mineral properties. It primarily explores for gold, silver, zinc, lead, and copper properties in the Yukon Territory and British Columbia, Canada; and Arizona and Nevada, the United States. The company holds 100% interests in the Ketza River property consisting of 308 mining claims and leases; and the Silver Valley property comprising 114 claims in the Yukon Territory, as well as a 75% interest in Greenwood properties, which include 31 claims in the Greenwood Mining District in south east British Columbia. It also owns 100% interests in the Jerritt Canyon property, which includes two gold producing mines, the SSX-Steer complex and the Smith mine in Nevada; and the Silver Bar property comprising 55 claims in Pinal County, Arizona. In addition, the company has a 100% interest in the Money property covering 46 claims located in south central Yukon; a 34.42% joint venture interest in the Wolf property comprising 18 claims located in south central Yukon; and interests in the Bay property consisting of 36 claims near Watson Lake, Yukon Territory. The company was incorporated in 1988 and is headquartered in Vancouver, Canada. With 175.1 million shares outstanding and 100 shares declared short as of July 2008, there is no longer a failure to deliver in shares of YNGFF. According to quarterly data provided by the SEC, there were still 15,774 shares of YNGFF that were failing-to-deliver as of September 27, 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 2,150,000,000 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 www.buyins.net Tom@buyins.net +1-800-715-9999

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 ALSWF click here.

    


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