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BUYINS.NET: FRP, RDN, FSBK, ITWO, OSBC, SNCR Have Been Added To Naked
Short List Today
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:21082008
BUYINS.NET, www.buyins.net, announced today that these select companies
have been added to the NASDAQ, AMEX and NYSE naked short threshold
list: FairPoint Communications Inc. (NYSE: FRP), Radian Group Inc.
(NYSE: RDN), First South Bancorp Inc (NASDAQ: FSBK), i2 Technologies
Inc. (NASDAQ: ITWO), Old Second Bancorp Inc. (NASDAQ: OSBC),
Synchronoss Technologies Inc. (NASDAQ: SNCR). 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.
FairPoint Communications Inc. (NYSE: FRP) provides communication
services to residential and business customers in rural and small urban
communities in the United States. It owns and operates local exchanges
that offer local and long distance voice, data, Internet, television,
broadband services. As of March 31, 2008, the company operated
approximately 1.9 million access line equivalents, including access
lines and high-speed data lines, which comprise digital subscriber
line, fiber-to-the-premises, wireless broadband, and cable modem. It
also provides other services, including cable television and
video-over-DSL, public coin telephone, billing and collection,
directory services. In addition, the company sells and maintains
customer premise equipment. FairPoint Communications is based in
Charlotte, North Carolina. With 89.02 million shares outstanding and
24.55 million shares declared short as of July 2008, there is a failure
to deliver in shares of FRP. According to quarterly data provided by
the SEC, there were still 24,757 shares of FRP that were
failing-to-deliver as of September 26, 2007.
Radian Group Inc. (NYSE: RDN) through its subsidiaries, provides
credit-related insurance coverage and financial services in the United
States and internationally. The company operates in three segments:
Mortgage Insurance, Financial Guaranty, and Financial Services. The
Mortgage Insurance segment offers credit protection for mortgage
lenders and other financial services companies on residential mortgage
assets through traditional mortgage insurance, as well as other
mortgage-backed structured products. This segment serves mortgage
originators, such as mortgage bankers, mortgage brokers, commercial
banks, and savings institutions. The Financial Guaranty segment insures
and reinsures municipal bonds and other credit-based risks, and
provides synthetic credit protection on various asset classes through
credit default swaps. This segment serves financial institutions that
structure, underwrite, or trade securities issued in public finance and
structured finance obligations. The Financial Services segment
specializes in credit card and bankruptcy-plan consumer assets, as well
as in credit-sensitive, residential mortgage assets, and residential
mortgage-backed securities investment. The company was founded in 1977.
It was formerly known as CMAC Investment Corporation and changed its
name to Radian Group, Inc. in 1999. The company is headquartered in
Philadelphia, Pennsylvania. With 80.43 million shares outstanding and
18.29 million shares declared short as of July 2008, there is a failure
to deliver in shares of RDN. According to quarterly data provided by
the SEC, there were still 39,486 shares of RDN that were
failing-to-deliver as of September 28, 2007.
First South Bancorp Inc (NASDAQ: FSBK) operates as the holding company
for First South Bank that provides commercial banking services in North
Carolina. It generates various deposit products, including checking
accounts, money market accounts, statement savings accounts, individual
retirement accounts, and certificates of deposit. The company also
originates loan products, such as residential mortgage loans, including
single-family residential, multi-family residential, and construction
loans; commercial loans and leases for commercial real estate,
commercial construction, commercial business, and lease receivables;
consumer loans comprising automobile, savings account loans,
certificate of deposit loans, home equity loans, and unsecured loans;
and loans secured by first mortgages on owner-occupied, single-family
residences. As of April 15, 2008, it operated 30 full service branch
offices and 2 loan production offices in North Carolina. The company
was founded in 1959 and is headquartered in Washington, North Carolina.
With 9.75 million shares outstanding and 1.12 million shares declared
short as of July 2008, there is a failure to deliver in shares of FSBK.
According to quarterly data provided by the SEC, there were still
28,575 shares of FSBK that were failing-to-deliver as of September 28,
2007.
i2 Technologies Inc. (NASDAQ: ITWO) provides supply chain management
solutions worldwide. It offers various products and solutions for
manufacturing and planning; transportation and distribution management;
merchandising, assortment, and allocation planning; execution,
collaboration, and visibility; supplier relationship management; and
data management and business analytics. The company's solutions for
manufacturing and planning enable businesses to co-ordinate the
production and distribution of goods and materials throughout the
supply chain to final delivery to the customer. These products include
supply planning solutions that provide multi-enterprise visibility,
collaboration, decision-support, and execution capabilities; and demand
management and retail management solutions that provide tools to
forecast and manage demand, plan merchandising strategies, manage
markdowns and promotions pricing, and optimize price quoting. i2
Technologies' solutions for transportation and distribution management
enable the flow of goods between suppliers, enterprise supply chain
locations, and customers. Its solutions to plan execution and
collaboration enable businesses to integrate the planning and execution
processes, create a closed-loop environment and provide tools designed
to stage inventory, plan replenishment, manage orders, and provide
visibility. The company's supplier relationship management solutions
are designed to bridge product development, sourcing, supply planning,
and procurement across the supply chain. i2 Technologies' data
management solution manages data from legacy, enterprise resource
planning, and other applications. It also offers on-demand and software
as service solutions. In addition, the company offers hosted software
solutions, such as business optimization and technical consulting,
managed services, training, solution maintenance, and software upgrades
and development. i2 Technologies was founded in 1988 and is
headquartered in Dallas, Texas. With 21.46 million shares outstanding
and 2.51 million shares declared short as of July 2008, there is a
failure to deliver in shares of ITWO. According to quarterly data
provided by the SEC, there were still 32,250 shares of ITWO that were
failing-to-deliver as of September 27, 2007.
Old Second Bancorp Inc. (NASDAQ: OSBC) operates as a multi bank holding
company that provides community banking and trust business services in
the United States. The company's services include demand, NOW, money
market, savings, time deposit, individual retirement, and Keogh deposit
accounts; commercial, industrial, consumer, and real estate lending,
including installment loans, student loans, farm loans, lines of
credit, and overdraft checking; safe deposit operations; trust
services; and wealth management services. It also offers various
additional services, such as the acquisition of United States treasury
notes and bonds, sale of traveler's checks, money orders, cashier's
checks and foreign currency, direct deposit, discount brokerage, debit
cards, credit cards, and other special services, as well as electronic
banking services, including Internet banking and corporate cash
management. The company makes commercial and consumer loans to
corporations, partnerships, and individuals; and focuses on business,
capital, construction, inventory, and real estate lending, as well as
offers direct and indirect installment loans to consumers and
commercial customers. In addition, it originates residential mortgages,
offering various products, such as conventional, government, and jumbo
loans; handles the secondary marketing of these mortgages; and offers
insurance agency services. As of December 31, 2007, the company
operated 29 banking locations and 1 commercial loan production office
in Kane, Kendall, DeKalb, DuPage, LaSalle, and Will counties in
Illinois. Old Second Bancorp was founded in 1981 and is headquartered
in Aurora, Illinois. With 13.74 million shares outstanding and 2.53
million shares declared short as of July 2008, there is a failure to
deliver in shares of OSBC. According to quarterly data provided by the
SEC, there were still 10,884 shares of OSBC that were
failing-to-deliver as of September 28, 2007.
Synchronoss Technologies Inc. (NASDAQ: SNCR) provides multi-channel
transaction management solutions to the communications services and
digital content marketplaces primarily in North America. It offers
ActivationNow and ConvergenceNow platforms, which are hosted services
delivered over the Internet or a dedicated communication channel that
provides work flow management. The company's ActivationNow and
ConvergenceNow platforms comprise PerformancePartner Portal, a
graphical user interface that enables the entry of transaction data
into the gateway; Gateway Manager, which provides the capability to
fulfill multiple transactions; WorkFlow Manager that provides
interaction with third-party relationships, as well as enables
communications service providers (CSPs) to have a single transaction
view, including data from third-party systems; and Visibility Manager,
which offers a centralized reporting platform for intelligent analytics
around the workflow, transaction management information, historical
trending, and mobile reporting for users to receive critical
transaction data on mobile devices. Synchronoss Technologies offers its
products and services to wireless service providers, voice over
Internet protocol enablers, long distance carriers, and CSPs. The
company was founded in 2000 and is headquartered in Bridgewater, New
Jersey. With 32.75 million shares outstanding and 4.54 million shares
declared short as of July 2008, there is a failure to deliver in shares
of SNCR. According to quarterly data provided by the SEC, there were
still 13,591 shares of SNCR 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 2,100,000,000 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
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