Thursday, December 16, 2010

Short squeeze candidates

Here are some charts that are setting up nicely. All these are highly shorted stocks with over 20% of the float short, making them prime short squeeze candidates if they manage to cross critical levels. One should always honor stops, but even if you are undisciplined, you must honor your stops while playing highly shorted stocks. They are probably highly shorted for some good reason, but as a short term trader I couldn't care less about what those reasons might be.

Take care and good luck!

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