M2 PRESSWIRE-15 June 2010-BUYINS.NET: (TNE) SqueezeTrigger Price is $16.329. There is $83,165,265.00 That Short Sellers Still Need To Cover(C)1994-2010 M2 COMMUNICATIONS
RDATE:15062010
BUYINS.NET / www.squeezetrigger.com is monitoring Tele Norte Leste Par Ads (NYSE:TNE) in real time and just received an alert that is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any stock. There are 5049500 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $16.329. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com.
From January 2005 to May 2010, an aggregate amount of 395042489 shares of TNE have been shorted for a total dollar value of $6,320,679,824.00. The TNE SqueezeTrigger price of $16.329 is the volume weighted average price that all shorts are short in shares of TNE. There is still approximately $83,165,265.00 of potential short covering in shares of TNE.
SqueezeTrigger.com has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price. Both the trading software and SqueezeTrigger data feed are available at http://www.squeezetrigger.com.
Tele Norte Leste Par Ads (NYSE:TNE) Tele Norte Leste Participacoes SA (Tele Norte Leste Holding Company (TNL)), incorporated in May 1998, is a provider of fixed-line telecommunications services in South America. The Company markets its services under its Telemar brand name. TNL's subsidiaries include Telemar Norte Leste S.A., TNL PCS S.A (Oi), Telemar Internet Ltda. and Companhia AIX Participacoes S.A. The Company provides services, such as fixed-line services, local services, intraregional long-distance services, inter-regional and international long-distance services, fixed-to-mobile services, public telephone services, data transmission, wireless services and network usage.
Fixed-Line Services
TNL's fixed-line telecommunications services consist of various services. These services include local services, including installation, monthly subscription, measured service, collect calls and supplemental local services; intraregional long-distance services, inter-regional, long-distance services and international long-distance services placed through fixed telephones using TNL's long-distance access code, CSP 31; connection of calls placed from fixed-line telephones to mobile telephones (fixed-to-mobile services); usage of the Company's network to complete calls initiated by customers of other telecommunications service providers (network usage); value-added services, which include voicemail, caller identification (ID), directory assistance and other services; advanced voice services to corporate customers, such as 0800 (toll free) services; public telephone services, and data transmission services, which are comprised of the lease of dedicated digital and analog lines to corporate customers, telecommunications service providers and Internet service providers (ISPs), as well as Internet protocol (IP), asymmetric digital subscriber line (ADSL) and other data transmission services.
Local Services
Local services include installation, monthly subscription, measured service, collect calls and supplemental local services. Measured service includes local calls that originate and terminate within a single local area. The Company was an authorized supplier of local fixed line and intrastate telecommunications services.
Local services include additional and value-added services, such as integrated services digital network lines, which allow voice, data, image and sound transmission supported by two digital lines permitting the user to use simultaneously. TNL also offers in-dialing service (direct transmission of external calls to extensions) to corporate clients. For corporate clients in need of a large quantity of lines, the Company offers digital trunk services, increasing the speed and optimizing the client's telephone system.
The Company competes with Vesper S.A., Telecomunicacoes de Sao Paulo S.A and Embratel Participacoes S. A.
Intraregional Long-Distance Services
Calls from one local area to another are referred to as intraregional long-distance calls. Intraregional long-distance services include intrastate long-distance calls (non-local calls within a given state) and interstate long-distance calls (calls between states).
Inter-Regional and International Long-Distance Services
TNL's inter-regional, long-distance services consist of calls between locations in Brazil. International long-distance services consist of calls between a location in Brazil and a location outside Brazil. TNL provides inter-regional, long-distance services. For this purpose, the Company has entered into interconnection agreements with Telesp and Brasil Telecom to interconnect directly with their networks. In addition, the Company provides international long-distance services using the wireless telecommunications services license granted to Oi. The Company offers fixed-line, inter-regional and international long-distance services using the same wireless telecommunications services license granted to Oi.
The SqueezeTrigger database of approximately 1 billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data. Total Short Interest is the number of shares shorted but not yet covered, and is different from total short volume. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com
About SQUEEZETRIGGER.COM
WWW.SQUEEZETRIGGER.COM is a service designed to help bonafide shareholders of publicly traded US companies fight short selling. SqueezeTrigger.com has built a proprietary database that uses Threshold list feeds and short sale time and sale data from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short trades.
SQUEEZETRIGGER.COM has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly one billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, SQUEEZETRIGGER.COM provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
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