Magicweb, Inc. (MGWB) SqueezeTrigger Price Is $0.96. Approximately 16,507 Shares Shorted Since October 2005 According to Buyins.net Research Report Wednesday May 10, 12:29 pm ET
NEW YORK, NY--(MARKET WIRE)--May 10, 2006 -- BUYINS.NET, www.buyins.net, is initiating coverage of Magicweb, Inc. (Other OTC:MGWB.PK - News) after releasing the latest short sale data to May 2006. From October 2005 to May 2006 approximately 214,375 total aggregate shares of MGWB have traded for a total dollar value of nearly $68,114. The total aggregate number of shares shorted in this time period is approximately 16,507 shares. The MGWB SqueezeTrigger price of $0.96 is the volume weighted average short price of all short selling in MGWB. A short squeeze is expected to begin when shares of MGWB close above $0.96. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net. Month Total Vol. Short Vol. Avg. Price Short $ Value
October '05 500 39 $1.00 $ 39 November 11,350 874 $1.73 $1,508 December 2,500 193 $1.90 $ 366 January '06 15,400 1,186 $2.02 $2,392 February 3,300 254 $1.74 $ 442 March 21,250 1,636 $1.50 $2,454 April 37,800 2,911 $1.18 $3,420 May 122,275 9,415 $0.56 $5,225
Total: 214,375 16,507 $0.96 $15,846
*short volume is approximated using a proprietary algorithm. **average short price is calculated using a volume weighted average short price. ***short volume is the total short trade volume and does not account for covers.
About Magicweb, Inc.
Magicweb, Inc. markets and distributes broadcasting systems. The company's product, EnterVision Broadcasting System, enables users to broadcast programs via IP to cable TV distributors or enable you to watch real time TV on computers, cell phones, Bluetooth and all Java ready devices. It is not a streaming media, it is a pure broadcasting system ready to back-up or replace satellite transmissions. Magicweb was founded in 1996 and is headquartered in New York. It went public on the stock market in October 2005.
About BUYINS.NET
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. Magicweb, Inc. has paid $995.00 to purchase data for information provided in this report. The data service can be cancelled at any time. 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 will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Contact: Contact: Thomas Ronk CEO 800-715-9999 Tom@buyins.net
News 
Market Data 
Discover 
AI
