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Pearl Asian Mining Industries Inc. (PAIM) SqueezeTrigger Price Is $0.00022; Approximately 3.1 Billion Shares Shorted Since January 2005 According To Buyins.net Research Report
MANILA, Philippines--(BUSINESS WIRE)--April 21, 2006--
M2 PRESSWIRE / BUYINS.NET, www.buyins.net, is initiating coverage of Pearl Asian Mining Industries Inc. (OTC: PAIM) after releasing the latest short sale data to April 2006. From January 2005 to April 2006 approximately 39.6 billion total aggregate shares of PAIM have traded for a total dollar value of nearly $8.6 million. The total aggregate number of shares shorted in this time period is approximately 3.1 billion shares. The PAIM SqueezeTrigger price of $0.00022 is the volume weighted average short price of all short selling in PAIM. A short squeeze is expected to begin when shares of PAIM close above $0.00022. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Volume Short Volume Avg. Price Short $ Value
----- ------------ ------------ ---------- -------------
January '05 28,457,320 2,191,214 $0.00090 $1,972
February 24,295,600 1,870,761 $0.00080 $1,497
March 33,403,000 2,572,031 $0.00160 $4,115
April 76,354,000 5,879,258 $0.00060 $3,528
May 221,336,000 17,042,872 $0.00020 $3,409
June 231,350,000 17,813,950 $0.00010 $1,781
July 57,765,000 4,447,905 $0.00010 $445
September 15,892,000 1,223,684 $0.00010 $122
October 30,000,000 2,310,000 $0.00010 $231
November 45,850,000 3,530,450 $0.00010 $353
December 2,500,000 192,500 $0.00010 $19
January '06 375,038,400 28,877,957 $0.00670 $193,482
February 214,707,200 16,532,454 $0.00450 $74,396
March 34,544,240,640 2,659,906,529 $0.00013 $332,488
April 3,736,134,144 287,682,329 $0.00015 $43,152
Total: 39,637,323,304 3,052,073,894 $0.00022 $660,991
(a) short volume is approximated using a proprietary algorithm.
(b) average short price is calculated using a volume weighted average
(c) short volume is the total short trade volume and does not account
About Pearl Asian Mining Industries Inc.
Pearl Asian Mining Industries Inc. is an aggressive gold mining company with a portfolio of gold and silver mining interests in the Philippines and Canada. www.PearlAsianMining.com.
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. The SqueezeTrigger database of nearly 700,000,000 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 and a short squeeze can begin.
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Source: Pearl Asian Mining Industries Inc.