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From January 2005 to May 2008, an aggregate amount of 95362232 shares of SBIB have been shorted for a total dollar value of $858,260,088.00. The SBIB SqueezeTrigger price of $9.121 is the volume weighted average price that all shorts are short in shares of SBIB. There is still approximately $69,564,051.00 of potential short covering in shares of SBIB.
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 .
Sterling Bancshares Inc (NASDAQ:SBIB) Sterling Bancshares, Inc. (Sterling Bancshares), incorporated in 1980, is a bank holding company that operates through its wholly owned subsidiary, Sterling Bank (the Bank). Sterling Bank is a state-chartered banking company. The Bank provides a range of commercial and consumer banking services, including demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit, and cash and asset management services. It also facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third-party vendors. Sterling Bank provides a range of services to Texas businesses and consumers through 40 banking offices in the greater metropolitan areas of Houston, San Antonio and Dallas, Texas. On September 30, 2005, the Company acquired Prestonwood Bancshares, Inc. (Prestonwood), and its subsidiary bank, The Oaks Bank & Trust Company (The Oaks Bank), a bank holding company that operated five banking offices in Dallas, Texas. Subsequent to the acquisition, Sterling Bancshares operates these acquired offices under the name of Sterling Bank.
Lending Activities
The Bank specializes in commercial loans and owner-occupied real estate loans to local businesses with annual sales ranging from $300,000 to $30 million. Typically, these customers have financing requirements between $50,000 and $4 million. Sterling Bank makes commercial loans primarily to small and mid-sized businesses, and to professionals. Its commercial loan products include revolving lines of credit, letters of credit, working capital loans, loans to finance accounts receivable and inventory, and equipment finance leases. Commercial loans typically have floating rates of interest and are for varying terms (generally not exceeding three years). These loans are generally personally guaranteed by the business owner, and are secured by accounts receivable, inventory and/or other business assets. In addition to the commercial loans secured solely by non-real estate business assets, the Bank makes commercial loans that are secured by owner-occupied real estate, as well as other business assets. Commercial mortgage loans are often secured by first liens on real estate and typically have floating interest rates, and are often amortized over a 15-year period with balloon payments due at the end of three years.
Sterling Bank offers a range of services, which include its Treasury Management, specialized lending (including energy lending and leasing activities) and Private Client Services groups. The Bank's Capital Markets group originates, co-originates or purchases first lien, commercial real estate mortgage loans referred by other financial institutions nationwide. More than 80% of these loans have variable interest rates and amortize over 20 to 25 years. Sterling Bank also makes loans to finance the construction of residential and non-residential properties, such as retail shopping centers and commercial office buildings. The construction loans are generally secured by first liens on real estate and have floating interest rates. The Bank makes automobile, boat, home improvement and other loans to consumers. These loans are primarily made to customers, who have other business relationships with the Bank.
Investment Activities
As of December 31, 2005, the Bank's securities portfolio consisted of obligations of the United States Treasury and other United States Government agencies, obligations of states of the United States and political subdivisions, mortgage-backed securities and collateralized mortgage obligations, and other securities. As of December 31, 2005, the Bank's securities totaled $619 million.
Sources of Funds
Sterling Bank's lending and investing activities are funded primarily by deposits, approximately 75% of which were core deposits at December 31, 2005. Core deposits exclude brokered deposits and time deposits over $100,000.
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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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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