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BUYINS.NET: (FMER) SqueezeTrigger Price is $23.462. There is
$209,301,860.00 That Short Sellers Still Need To Cover
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:18092008
BUYINS.NET / www.squeezetrigger.com is monitoring Firstmerit Corp
(NASDAQ:FMER) 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 8757400 shares that have been shorted
at the volume weighted average SqueezeTrigger Price of $23.462. To
access SqueezeTrigger Prices ahead of potential short squeezes
beginning, visit http://www.squeezetrigger.com .
From January 2005 to August 2008, an aggregate amount of 72433284
shares of FMER have been shorted for a total dollar value of
$1,665,965,532.00. The FMER SqueezeTrigger price of $23.462 is the
volume weighted average price that all shorts are short in shares of
FMER. There is still approximately $209,301,860.00 of potential short
covering in shares of FMER.
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 .
Firstmerit Corp (NASDAQ:FMER) FirstMerit Corporation (FirstMerit)
through its affiliates operates primarily as a regional banking
organization, providing a range of banking, fiduciary, financial,
insurance and investment services to corporate, institutional and
individual customers throughout northern and central Ohio, and western
Pennsylvania. FirstMerit's principal business consists of owning and
supervising its affiliates. On December 31, 2005, FirstMerit Bank, N.A.
(FirstMerit Bank), one of the Company's principal subsidiaries,
operated a network of 161 full service-banking offices and 176
automated teller machines (ATMs). Its offices span a total of 24
counties in Ohio, including Ashland, Ashtabula, Crawford, Cuyahoga,
Delaware, Erie, Franklin, Geauga, Holmes, Huron, Knox, Lake, Lorain,
Lucas, Madison, Medina, Portage, Richland, Sandusky, Seneca, Stark,
Summit, Wayne and Wood Counties, and Lawrence County in Pennsylvania.
FirstMerit Bank engages in commercial and consumer banking in its
respective geographic markets. Commercial and consumer banking
generally consists of the acceptance of a variety of demand, savings
and time deposits, and the granting of commercial and consumer loans
for the financing of both real and personal property. As part of its
community banking philosophy, FirstMerit Bank has divided its markets
into seven geographic regions designated as follows: Akron, Cleveland,
North Shore, Northeast, Central Ohio, Mid-West Ohio and Toledo. This
allows FirstMerit Bank to deliver financial products and services with
a community orientation and a high level of personal service.
FirstMerit therefore can offer specialized services to specific markets
in addition to its customary banking products and services. These
services include personal and corporate trust services, personal
financial services, cash management services and international banking
services.
Other services provided by FirstMerit Bank or its affiliates include
automated banking programs, credit and debit cards, rental of safe
deposit boxes, letters of credit, leasing, securities brokerage and
life insurance products. FirstMerit Bank also operates a trust
department, which offers estate and trust services. The majority of its
customers are consumers and small and medium-sized businesses.
FirstMerit Bank is not engaged in lending outside the continental
United States, and is not dependent upon any one significant customer
or specific industry.
FirstMerit's non-banking, direct and indirect subsidiaries provide
insurance sales services, credit life, credit accident and health
insurance, securities brokerage services, equipment lease financing and
other financial services. Its direct operating subsidiary other than
FirstMerit Bank is FirstMerit Community Development Corporation.
FirstMerit Community Development Corporation was organized in 1994 to
further FirstMerit's efforts in identifying the credit needs of its
lending communities and meeting the requirements of the Community
Reinvestment Act (CRA). During the year ended December 31, 2005,
FirstMerit Credit Life Insurance Company, through which the Company
underwrote credit life and credit accident and health insurance in
connection with the extension of credit to customer was dissolved.
FirstMerit Bank is the parent corporation of 18 wholly owned
subsidiaries. In 1995, FirstMerit Mortgage Corporation was organized
and capitalized. FirstMerit Mortgage originates residential mortgage
loans and provides mortgage loan servicing for itself and FirstMerit
Bank. In 1993, FirstMerit Leasing Company and FirstMerit Securities,
Inc. were organized. FirstMerit Leasing provides equipment lease
financing and related services, while FirstMerit Securities offers
securities brokerage services to customers of FirstMerit Bank and other
FirstMerit subsidiaries. FirstMerit Bank is also the parent corporation
of Mobile Consultants, Inc. (MCI), a broker and servicer of
manufactured housing finance contracts. FirstMerit Bank is also the
parent corporation of FirstMerit Insurance Group, Inc. and FirstMerit
Insurance Agency, Inc.
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.
All material herein was prepared by SQUEEZETRIGGER.COM, based upon
information believed to be reliable. The information contained herein
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SqueezeTrigger is a registered trademark, Reg. No. 3,120,641
CONTACT: Thomas Ronk, CEO, SqueezeTrigger.com
Tel: +1 800 715 9999
e-mail: Tom@SqueezeTrigger.com
WWW: http://www.SqueezeTrigger.com
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