the chart is primed for a MONSTER BOUNCE/SHORT SQUEEZE
watch close monday
BUYINS.NET Issues Everbody's Phone Company SqueezeTrigger Report Everybodys Phone (USOTC:EVPH)
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 Everybody's Phone Company (PINKSHEETS: EVPH) after releasing the latest short sale data through March 28, 2011. The total aggregate number of shares shorted since August 2009 is approximately 75 million shares. Approximately 30.66% of daily trading volume is short selling. The SqueezeTrigger price for all EVPH (PINKSHEETS: EVPH) shares shorted is $0.06. The first of several short squeezes is expected to begin when shares of EVPH close above $0.03, where approximately 15.32 million total shares have previously been shorted between $0.0085 and $0.03.
Friction Factor calculates if a fair market is being made in the shares of EVPH. 49% of the previous 37 trading days have been positive or bullish-biased and 51% 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 EVPH market-makers daily for compliance with Fair Market-Making Requirements.
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