BUYINS.NET: CKNN, CLWR, EVEP, IPSU, LAMR, LMRA Have Also Been Added To Naked Short List Today
Monday March 31, 2008 04:16:56 EDT
Mar 31, 2008 (M2 PRESSWIRE via COMTEX News Network) --
BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Cash Systems Inc (NASDAQ:CKNN), Clearwire Corp. (NASDAQ:CLWR), EV Energy Partners L.P. (NASDAQ:EVEP), Imperial Sugar Company (NASDAQ:IPSU), Lamar Advertising Company (NASDAQ:LAMR), Lumera Corp. (NASDAQ:LMRA). 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.
Cash Systems Inc (NASDAQ:CKNN) provides cash access products and related services to the gaming industry in the United States and Caribbean countries. It offers credit/debit card cash advances (CCCA), automatic teller machines (ATMs), and check cashing solutions. The company's CCCA products enable gaming patrons to obtain cash from their credit card, or checking account in the case of debit transactions, through the use of its software and equipment. It also offers various ATM services to casinos and retailers, including vault cash for the operation of ATMs, as well as ATM vault cash, maintenance, and armored car services. The company's check cashing solutions include full service check cashing, check guarantee services, and check verification services. In addition, Cash Systems provides ancillary services, such as online reporting, which enables casinos to monitor player activity and market to gaming patrons. The company provides its cash access services to a combination of commercial and Native American owned casinos, as well as to vendors who themselves contract directly with casinos for such services. Its cash access services are used at approximately 135 gaming locations and 25 retail locations. The company was founded in 1983 and headquartered in Las Vegas, Nevada with additional offices in Burnsville, Minnesota; and San Diego, California. With 18.45 million shares outstanding and 205,100 shares declared short as of March 2008, there is a failure to deliver in shares of CKNN. According to quarterly data provided by the SEC, there were still 16,191 shares of CKNN that were failing-to-deliver as of September 21, 2007.
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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 1,850,000,000 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.
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