SEC Approves NASD Request Requiring 5,600 Brokerage Firms To
Disclose Monthly Total SHOrt Interest For OTCBB and PINKSHEET
Securities.
February 8, 2006 /M2 PRESSWIRE/ BUYINS.NET, www.buyins.net
announced today that The SEC News Digest reported approval of the
NASD's request to require all NASD member firms to disclose Total
SHOrt Interest positions on OTCBB and PINKSHEET securities. The
following statement was published in the February 7, 2006 edition:
"The Commission approved a proposed rule change submitted by
the National Association of Securities Dealers (SR-NASD-
2005-112) regarding amendments to Rule 3360 to expand SHOrt
interest reporting to OTC equity securities. Publication of the
order is expected in the Federal Register during the week of
February 6. (Rel. 34-53224)"
On September 20, 2005 the NASD filed with the Securities and
Exchange Commission ("SEC") a proposed rule change to amend Rule
3360 to expand SHOrt interest reporting requirements to over-the-
counter equity securities. The term "OTC Equity Securities" shall
mean any equity security that is not listed on The NASDAQ Stock
Market or a national securities exchange. Each member firm shall
maintain a record of total "SHOrt" positions in all customer and
proprietary firm accounts and shall regularly report such
information to NASD as of the close of the settlement date
designated by NASD. Reports shall be received by NASD no later than
the second business day after the reporting settlement date. The
term "customer" also includes accounts of other broker-dealers held
at each firm.
Buyins.net tracks all SHOrt sale time/sale activity in 15,000 US
stocks. The company announced last week it has added a real time
SqueezeTrigger Alert technology to its massive database that
collects, analyzes and publishes a proprietary SqueezeTrigger for
every stock in the US. Buyins.net will integrate the new total
SHOrt interest data for OTCBB and PINKSHEET securities as soon as it
is available. This will enable users to determine the exact size of
potential SHOrt squeezes and see in real time when they start.
The company's proprietary SqueezeTrigger Alert service scans the
market every hour and alerts investors which stocks have SHOrt
squeezes starting right now. The SqueezeTrigger database of nearly
600,000,000 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. This restriction has now been
lifted. 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.
BUYINS.NET has a new tool that will alert you the second a SHOrt
squeeze is starting in IPWG shares, or any other US stock. This
will give you the power to know the exact right time for us to issue
a SqueezeTrigger Research Report (public reports are $995 and will
be distributed for free to the third largest newswire in the world,
100,000+ investors/traders and 20,000+ Wall Street institutions).
You can sign up for the SqueezeTrigger Alert service for only $19.95
per month and see SHOrt squeezes starting in real time. We will
also email you when IPWG shares start to squeeze so that you can
authorize BUYINS.NET to issue a public SqueezeTrigger Research
Report. See press release and example reports at the bottom of this
email.
Sincerely,
Tom Ronk
CEO / BUYINS.NET
tom@buyins.net
800-715-9999
949-675-4410 (for outside US)
