WMC SqueezeTrigger Price is $21.83. There is $29,895,736 That Short Sellers Still Need To Cover.
May 6, 2013 / M2 PRESSWIRE / BUYINS.NET / www.squeezetrigger.com is monitoring Western Asset Mortgage Capital Corp (NYSE:WMC) in real time and just received an alert that WMC is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any stock. There are 1367600 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $21.83. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com .
From August 2009 to April 2013, an aggregate amount of 26155425 shares of WMC have been shorted for a total dollar value of $549263925. The WMC SqueezeTrigger price of $21.83 is the volume weighted average price that all shorts are short in shares of WMC. There is still approximately $29,895,736 of potential short covering in shares of WMC.
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 .
Western Asset Mortgage Capital Corp (NYSE:WMC) - WMC Resources Ltd., incorporated in March 1933, together with its controlled entities (collectively the WMC Resources Group) is principally engaged in the discovery, development, production, processing and marketing of minerals and metals. The Company produces nickel, copper, phosphate fertilizers, uranium oxide, gold and a range of other intermediate products. The principal operating companies within the WMC Resources Group are WMC Resources Ltd., WMC (Olympic Dam Corporation) Pty Ltd., WMC Fertilizers Pty Ltd., WMC Finance Limited and WMC Finance (USA) Limited. WMC Resources Ltd is the parent holding company, as well as an operating entity that owns the nickel mining, processing and marketing operations. WMC (Olympic Dam Corporation) Pty Ltd., a wholly owned subsidiary of WMC Resources, owns the Olympic Dam Operations that produces refined copper and uranium oxide, and gold and silver as co-products. WMC Fertilizers Pty Ltd., another wholly owned subsidiary, owns the Queensland Fertilizer Operations and a 33.3% interest in the fertilizer distribution arm, Hi-Fert Pty Ltd. It is wholly owned by WMC Resources Ltd. WMC Finance Limited is engaged in the borrowing and lending of money and other financing activities, including commodity and currency hedging and the selling of gold and silver purchased from related entities. The principal activity of WMC Finance (USA) Limited is to hold debt issued in the United States markets. The Company categorizes its on-going operations as: Nickel; Copper-Uranium (the Olympic Dam Operations produces copper, uranium oxide, gold and silver); Fertilizers; Regional Exploration and New Business.
Nickel
The Company's nickel business unit is a fully integrated nickel business comprising mines, concentrators, a smelter and a refinery. WMC Resources Ltd. produced 115,774 tons of contained nickel-in-concentrate extracted from 14.8 million tons of ore processed during the year ended December 31, 2004.
WMC Resources Ltd. commenced production of nickel-in-concentrate, in 1967, following the discovery of nickel ore reserves at Kambalda. The Company mines nickel ore from both open-cut and underground mines at its wholly owned mines at Leinster and Mount Keith. The mill and concentrator at Kambalda are now fed with third-party ore. Nickel ore is concentrated at Kambalda, Leinster and Mount Keith, and then the majority of this nickel concentrate is transported to the Kalgoorlie Nickel Smelter to be smelted into nickel matte. Until March 2005, the Company sold some of the Mount Keith production directly as concentrate pursuant to a long-term contract. During 2004, it sold 33% of nickel-in-matte produced to overseas customers compared to 37%, during the year ended December 31, 2003, and refined the balance at its Kwinana Nickel Refinery to produce London Metal Exchange (LME) accredited nickel briquettes, nickel powder and various other intermediate products, such as cobalt-nickel sulphide.
Copper and Uranium
WMC Resources Ltd.'s Olympic Dam operations in South Australia produce both copper and uranium oxide. The Company's Olympic Dam subsidiary assumed 100% ownership of the Olympic Dam Operations, on March 31, 1993, after previously holding 51% in the joint venture that established operations at Olympic Dam. During the year ended December 31, 2002, Olympic Dam completed an optimization project to increase its treatment capacity to 10.5 million tons per annum of ore treated at reserve grade of 2.1% which equates to 202,000 tons per annum copper production. However, due to the rebuild of the copper and uranium solvent extraction plants, the planned reline of the smelter furnace and a failure of a heat exchanger in the acid plant, actual production in 2003 was 160,080 tons. Following the commissioning of the new copper solvent extraction plant in 2004, production in 2004 was 224,731 tons of copper.
Fertilizer
The Company holds mining leases over two phosphate deposits in northwest Queensland. Its major phosphate resource is located at Phosphate Hill, 140 kilometers southeast of Mount Isa.
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
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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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