Wednesday, December 01, 2010 6:52:52 PM
Press Release Source: BUYINS.NET On Wednesday December 1, 2010, 6:48 pm
•Approximately 61.61 Million Shares Shorted Since August 2009
•Short Squeeze Expected Above $0.24 SqueezeTrigger Price
NEWPORT BEACH, Calif., Dec. 1, 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 initiated coverage on Gryphon Resources (OTCBB:GRYO - News) after releasing the latest short sale data through December 1, 2010. The total aggregate number of shares shorted since August 2009 is approximately 61.61 million shares. Approximately 35.5% of daily trading volume is short selling. The SqueezeTrigger price for all (OTCBB:GRYO - News) shares shorted is $0.24. A short squeeze is expected to begin when GRYO closes above $0.24.
http://finance.yahoo.com/news/BUYINSNET-Issues-Gryphon-pz-1258900050.html?x=0&.v=1
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