Approximately 11.3 Million Shares Shorted Since August 2009
Next Squeeze Expected Above $14.19
NEWPORT BEACH, Calif., April 13, 2010 -- 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 Houston American Energy (Nasdaq:HUSA - News) after releasing the latest short sale data through April 9, 2010. The total aggregate number of shares shorted since August 2009 is approximately 11.3 million shares. The SqueezeTrigger price for all (Nasdaq:HUSA - News) shares shorted is $12.61. 47% of shares shorted have begun squeezing and 53% have yet to squeeze. Next squeeze expected above $14.19 where 824,626 shares have been shorted between $13.91 and $14.19.
Click here to view Report: http://www.buyins.com/reports/husa4-12-10.pdf
Click here to view SqueezeTrigger: http://www.buyins.com/images/husastr4-12-10.jpg
Click here to view Friction Factor: http://www.buyins.com/images/husaff4-12-10.jpg
Friction Factor is used to calculate if a fair market is being made in the shares of (Nasdaq:HUSA - News). 48% of the previous 33 trading days have been positive or bullishly-biased and 52% have been negative or bearishly-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 HUSA market makers daily for compliance with Fair Market-Making Requirements.
Undiscovered Equities is currently offering a trial subscription. For more information please call 1-800-404-8982 or visit our website at www.undiscoveredequities.com
Sincerely,
Kevin McKnight
101 Plaza Real South, Suite 212
Boca Raton, FL 33432
1-800-404-8982
www.undiscoveredequities.com
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