iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Old Fashioned Squeeze Play

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I bought a full position in $GNK. The stock has a monstrous 25% short position. In addition, as you can see in the daily chart below, the stock also broke out of a tight falling wedge pattern today. I expect more upside in the short term, which will put an awful lot of pressure on the plethora of bears for this well-managed shipping company.

All trades are timestamped inside The PPT.

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TOTAL PORTFOLIO:

EQUITIES: 66%

  • LONG: 58% ($ATPG $CSTR $GNK $HMIN $NANO $PAY $TIEĀ $VMW)
  • SHORT: 8% ($QID)

CASH: 34%

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3 comments

  1. RaginCajun

    me likes.

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  2. Gtotoy

    Looks great Chess!

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