Local Corp (LOCM)

[Minding]

Between Google rumors and short squeeze, not a bad ride, but it's difficult to predict and upward move based on anything else. I look for it to hold 5.75.

Minding

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BUYINS.NET Updates Local.com SqueezeTrigger Report

Press Release Source: BUYINS.NET On Monday December 13, 2010, 12:21 pm EST

Approximately 28.27 Million Shares Shorted Since August 2009
Short Squeeze Underway as Stock Above $5.51 SqueezeTrigger Price


NEWPORT BEACH, Calif., Dec. 13, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has updated coverage on Local.com (Nasdaq:LOCM - News) after releasing the latest short sale data through December 10, 2010. The total aggregate number of shares shorted since August 2009 is approximately 28.27 million shares. Approximately 24.24% of daily trading volume is short selling. The SqueezeTrigger price for all (Nasdaq:LOCM - News) shares shorted is $5.51. A short squeeze has already begun as LOCM is above its $5.51 SqueezeTrigger Price.



Click for original Report: http://www.buyins.com/reports/locm9-8-10.pdf



Click for updated SqueezeTrigger: http://www.buyins.com/images/locmstr12-13-10.jpg



Click for updated Friction Factor: http://www.buyins.com/images/locmff12-13-10.jpg



Friction Factor calculates if a fair market is being made in the shares of LOCM. 53% of the previous 38 trading days have been positive or bullish-biased and 47% have been negative or bearish-biased.



Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker's activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.



BUYINS.NET monitors LOCM market-makers daily for compliance with Fair Market-Making Requirements.



About BUYINS.NET



BUYINS.NET, http://www.buyins.net, monitors trading in all U.S. stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, and comparable valuations. Reports include:



REGULATORY & COMPLIANCE NEWS



Friction Factor -- market-maker surveillance system tracking market makers in all stocks to determine Price Friction and compliance with new "Fair Market-Making Requirements."



RegSHO Naked Shorts -- tracks EVERY failure to deliver in all U.S. stocks and all Threshold Security Lists daily for which stocks have naked short positions.



INVESTMENTS & TRADING



SqueezeTrigger -- 28 billion cell database tracks EVERY short sale (not just total short interest) in all U.S. stocks and calculates volume weighted price that a short squeeze will begin in each stock.



Earnings Edge -- predicts probability, price move and length of move before and after all U.S. stock earnings reports.



Seasonality -- predicts probability, price move and length of move based on exact time of year for all U.S. stocks.



Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.



Pattern Scan -- automates tracking of every technical pattern and predicts next move in stocks.



GATS -- tracks and quantifies known trading strategies.



DISCLAIMER:



BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. LOCM has paid $1,667 per month to purchase data to be provided in six monthly reports. LOCM has not approved the statements made in this release. Please read our report and visit our web site, http://www.buyins.net, for complete risks and disclosures.