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BUYINS.NET: CHP, TKF, WSO, ADG, AERG, ESLR Have Been Added To Naked
Short List Today
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:10062008
BUYINS.NET, www.buyins.net, announced today that these select companies
have been added to the NASDAQ, AMEX and NYSE naked short threshold
list: C&D Technologies Inc. (NYSE: CHP), The Turkish Investment Fund
Inc. (NYSE: TKF), Watsco Inc. (NYSE: WSO), Allied Defense Group Inc
(AMEX: ADG), Applied Energetics Inc (NASDAQ: AERG), Evergreen Solar
Inc. (NASDAQ: ESLR). 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.
C&D Technologies Inc. (NYSE: CHP) together with its subsidiaries,
manufactures, markets, and distributes electrical power storage systems
for the standby power market in the United States and internationally.
It offers integrated reserve power systems and components for the
standby power market, which includes telecommunications,
uninterruptible power supply, military, cable, utilities, nuclear power
plant, pipeline, oil and gas, and other process industries. These
integrated reserve power systems monitor and regulate electric power
flow and provide backup power in the event of a primary power loss or
interruption. The company also produces the individual components of
these systems, including reserve batteries, power rectifiers, system
monitors, power boards, and chargers. These products are used in
wireless and wireline telephone infrastructure, cable television signal
powering, corporate data center powering, and computer network backup
for use during power outages applications. Its customers include
original equipment manufacturers, broadband and telecommunications
providers, investor owned utilities, as well as end user customers in
various industries, including banking, retail, healthcare, and
manufacturing. The company was founded in 1985 and is headquartered in
Blue Bell, Pennsylvania. With 25.67 million shares outstanding and 5.59
million shares declared short as of May 2008, there is a failure to
deliver in shares of CHP. According to quarterly data provided by the
SEC, there were still 44,759 shares of CHP that were failing-to-deliver
as of September 28, 2007.
The Turkish Investment Fund Inc. (NYSE: TKF) is a close-ended equity
mutual fund launched and managed by Morgan Stanley Investment
Management Inc. The fund invests in the public equity markets of
Turkey. It adopts a growth-oriented approach to invest in stocks of
companies operating across diversified sectors. The fund employs a
fundamental analysis with a top-down and bottom-up stock picking
approach to invest in securities. It benchmarks the performance of its
portfolios against the MSCI Turkey Index. The Turkish Investment Fund,
Inc. was formed on December 5, 1989 and is domiciled in the United
States. With 7.5 million shares outstanding and 107,500 shares declared
short as of May 2008, there is a failure to deliver in shares of TKF.
Watsco Inc. (NYSE: WSO) together with its subsidiaries, distributes air
conditioning, heating, and refrigeration equipment, as well as related
parts and supplies in the United States. Its products primarily
comprise residential central air conditioners; light commercial air
conditioners; gas, electric, and oil furnaces; commercial air
conditioning and heating equipment and systems; and other specialized
equipment. The company also offers various parts, including replacement
compressors, evaporator coils, motors, and other component parts; and
supplies consisting of thermostats, insulation material, refrigerants,
ductwork, grills, registers, sheet metal, tools, copper tubing,
concrete pads, tape, adhesives, and other ancillary supplies. Watsco,
Inc. also sells condensing units, compressors, evaporators, valves,
refrigerant, walk-in coolers, and ice machines for the refrigeration
market. As of December 31, 2007, it operated from 434 locations in 34
states serving approximately 40,000 contractors and dealers who service
the replacement and new construction markets. The company was founded
in 1945 and is headquartered in Coconut Grove, Florida. With 28.25
million shares outstanding and 5.91 million shares declared short as of
May 2008, there is a failure to deliver in shares of WSO. According to
quarterly data provided by the SEC, there were still 10,882 shares of
WSO that were failing-to-deliver as of September 28, 2007.
Allied Defense Group Inc (AMEX: ADG) provides defense and security
solutions for government and commercial markets worldwide. It operates
in two segments, Ammunition and Weapons Effects, and Electronic
Security. The Ammunition and Weapons Effects segment designs, develops,
manufactures, and sells ammunition and light weapons for military use.
Its products include 90mm ammunition, 105mm tank ammunition, 120mm tank
ammunition, mortar ammunition, grenades, and other ammunitions. The
Electronic Security segment develops microwave surveillance systems for
use in law enforcement, port security, border security, airport
security, high-end commercial security, citywide surveillance
applications, and defense applications. This segment also manufactures
miniature and sub-miniature FM and digital transmitters, receivers, and
related equipment for investigative, surveillance, and security
applications, as well as for live TV news/sports/entertainment
coverage. The company sells its products to the defense departments of
governments and prime contractors, as well as end users, independent
distributors, and resellers. The Allied Defense Group was founded in
1961. It was formerly known as Allied Research Associates, Inc. and
changed its name to Allied Research Corporation in 1988. Further, the
company changed its name to The Allied Defense Group, Inc. in 2003. The
Allied Defense Group is based in Vienna, Virginia. With 8.01 million
shares outstanding and 270,200 shares declared short as of May 2008,
there is a failure to deliver in shares of ADG. According to quarterly
data provided by the SEC, there were still 62,002 shares of ADG that
were failing-to-deliver as of September 27, 2007.
Applied Energetics Inc (NASDAQ: AERG) develops and manufactures applied
energy systems primarily for military applications. The company
provides solutions for urgent military missions, including neutralizing
improvised explosive devices (IEDs), neutralizing vehicle-borne IEDs,
and non-lethal methods for vehicle stopping. It also offers laser
guided energy and laser induced plasma channel technologies, which can
precisely transmit high voltage electrical charges by using a laser to
create a conductive path in the atmosphere. In addition, Applied
Energetics provides high-voltage solutions for semiconductor,
aerospace, environmental, and other commercial ventures and activities
under North Star Power Engineering trade name; and high performance
laser solutions for military and commercial customers. Further, it
engages in research and development, prototype system integration,
engineering design and equipment fabrication, field support, and
business development activities. The company markets its products and
services directly to the U.S. military and to other allied customers.
Applied Energetics was founded in 1990. It was formerly known as
Ionatron, Inc. and changed its name to Applied Energetics, Inc. in
February 2008. The company is based in Tucson, Arizona. With 80.59
million shares outstanding and 5.97 million shares declared short as of
May 2008, there is a failure to deliver in shares of AERG.
Evergreen Solar Inc. (NASDAQ: ESLR) develops, manufactures, and markets
solar power products primarily in Europe and the United States. It
utilizes its proprietary ?String Ribbon' technology process in
manufacturing ribbons of crystalline silicon, which are then cut into
wafers. These wafers are the primary components of photovoltaic cells
that are used to produce solar panels. The company principally offers
solar wafer, a flat piece of crystalline silicon that can be processed
and assembled into a solar cell; solar cell, a device made from a
silicon wafer that converts sunlight into electricity; and solar panel,
an assembly of solar cells that are electrically interconnected and
laminated for electric power generation, such as on-grid and off-grid
generation. Evergreen sells its products through distributors, systems
integrators, and value-added resellers. It has a strategic partnership
with Q-Cells AG. The company was founded in 1994 and is headquartered
in Marlboro, Massachusetts. With 121.45 million shares outstanding and
22.12 million shares declared short as of May 2008, there is a failure
to deliver in shares of ESLR. According to quarterly data provided by
the SEC, there were still 14,830 shares of ESLR that were
failing-to-deliver as of September 28, 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 2,000,000,000 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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Copyright ? 2008 M2 Communications Ltd.
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