NEWPORT BEACH, CA — (Marketwired) — 07/17/13 — – Viratech Corp. (PINKSHEETS: VIRA)
BUYINS.NET, , a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on Viratech Corp (PINKSHEETS: VIRA) after releasing the latest short sale data through July 12, 2013. The total aggregate number of shares shorted since May 2013 is approximately 600,187 shares. Approximately 5.94% of daily trading volume is short selling. The SqueezeTrigger price for all VIRA shares shorted is $0.047. A short squeeze is expected to begin when VIRA closes above the $0.047 SqueezeTrigger Price.
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Friction Factor calculates if a fair market is being made in the shares of VIRA. 38% of the previous 29 trading days have been positive or bullish-biased and 62% 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 VIRA market-makers daily for compliance with Fair Market-Making Requirements.
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BUYINS.NET, , monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies and comparable valuations. Reports include:
REGULATORY & COMPLIANCE NEWS
Friction Factor – market-maker surveillance system tracking market-makers to determine Price Friction and compliance with new “Fair Market-Making Requirements.”
RegSHO Naked Shorts – tracks EVERY failure to deliver in all US stocks and all Threshold Security Lists daily for which stocks have naked short positions.
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SqueezeTrigger – 37 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.
Earnings Edge – predicts probability, price move and length of move before and after all US stock earnings reports.
Seasonality – predicts probability, price move and length of move based on exact time of year for all US stocks.
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Pattern Scanner – automates tracking of technical patterns and predicts next move in stocks.
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BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. Buyins.net has been paid $1,116 per month for data provided in six monthly reports. VIRA has not approved the statements made in this release. Please read our report and visit our web site, , for complete risks and disclosures.
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