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MIK SqueezeTrigger Price is $24.49. There is $102,176,802 That Short Sellers Still Need To Cover.

October 3, 2016 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net is monitoring The Michaels Companies Inc. (NASDAQ:MIK) in real time and just received an alert that MIK is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any stock. There are 4158600 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $24.49. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net .

From August 2009 to September 2016, an aggregate amount of 226447033 shares of MIK have been shorted for a total dollar value of $5434728792. The MIK SqueezeTrigger price of $24.49 is the volume weighted average price that all shorts are short in shares of MIK. There is still approximately $102,176,802 of potential short covering in shares of MIK.

Buyins.net 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.buyins.net .

The Michaels Companies Inc. (NASDAQ:MIK) - Michaels Stores, Inc. (Michaels), incorporated in 1983, is a national arts and crafts specialty retailer providing materials, ideas and education for creative activities. As of March 23, 2006, the Company operated 897 Michaels retail stores in 48 states, as well as in Canada, averaging 18,500 square feet of selling space. Its stores offer arts and crafts supplies and products for the crafter and do-it-yourself home decorator. Michaels also operated 165 Aaron Brothers stores, as of March 23, 2006, in 11 states, averaging 5,600 square feet of selling space, offering photo frames, a line of ready-made frames, custom framing services and a selection of art supplies. Recollections, the Company's scrapbooking/ paper crafting retail concept, operated 11 stores as of March 23, 2006, located in Arizona, Maryland, Texas and Virginia, providing merchandise, accessories, and a range of scrapbooking and paper crafting support services in a community learning environment. In addition, Michaels owned and operated four Star Decorators Wholesale stores as of March 23, 2006, located in Arizona, California, Georgia and Texas, offering merchandise primarily to interior decorators/ designers, wedding/ event planners, florists, hotels, restaurants and commercial display companies.

Michaels store offers approximately 42,000 basic stock keeping units (SKUs) in a number of product categories. The merchandise offered in Michaels stores include products for the do-it-yourself home decorator, including wall decor, candles, containers, baskets, and potpourri; custom framing services, ready-made frames, mat boards, glass, framed art, and photo albums; and silk flowers, dried flowers, and artificial plants sold separately or in ready-made and custom floral arrangements, accessories needed for floral arranging, and other floral items, such as wreaths; art supplies, including scrapbooking materials; surfaces and pads; adhesives and finishes; pastels and watercolors, oil paints, acrylics, easels, brushes, paper, canvas, and stenciling materials, and craft supplies, including beads, wood, doll making supplies, jewelry making supplies, rubber stamps, apparel crafts, books and magazines, craft storage, and plaster; needlecraft items including stitchery supplies, hand-knitting yarns, needles, canvas, and related supplies for needlepoint, embroidery and cross stitching, knitting, crochet, rug making kits, and quilt and afghan kits; ribbon and wedding accessories; gifts; hobby items including plastic model kits and related supplies, kids' craft materials, plush toys, and paint-by-number kits; party needs including balloons, gift wrap, candy making supplies, and cake decorating supplies, and soap and candle making supplies.

The Company's Michaels stores regularly feature seasonal merchandise. Seasonal merchandise is offered for several holiday periods, including Valentine's Day, St. Patrick's Day, Easter, Mother's Day, Halloween, Thanksgiving, Christmas and many other regional mini season programs. The Company's Aaron Brothers stores offer on average 6,500 SKUs, including photo frames, a full line of ready-made frames and a selection of art supplies and custom framing services. The merchandising strategy for the Aaron Brothers stores is to provide upscale framing assortment and shopping experience. In addition, it provides a fashion forward framing merchandise selection in an appealing environment with attentive customer service. Store design is developed centrally and implemented at the store level through the use of merchandise planograms, which provide store associates with detailed descriptions and illustrations with respect to store layout and merchandise presentation. Planograms are also used to cluster various products that can be combined to create individual projects.

Michaels operates a vertically integrated manufacturing operation named Artistree that supplies its Michaels and Aaron Brothers stores with custom and specialty framing merchandise. Its regional processing centers are located in City of Industry, California; Coppell, Texas, and .

The SqueezeTrigger database of billions of 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 Buyins.net 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.buyins.net

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INVESTMENTS & TRADING Earnings - 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 Group Correlation - Tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups SqueezeTrigger - Massive database that 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. Valuation - Tracks all known valuation models and applies them. GATS - Tracks and quantifies known trading strategies by backtesting, optimizing and running genetic algorithms and neural networks to ascertain best trading strategies. PatternScan - Automates tracking of every technical pattern and predicts next move in stocks. Insider - Tracks insiders trading records and determines trading performance. Trades by higher-level insiders are generally more predictive than trades by lower level insiders Events - Tracks patterns directly correlated to specific events.

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