Here are the results, as of Friday’s close, of a quite selective screen I created many years ago inside The PPT, titled “High Beta Short Squeeze Plays.”
Basically, these types of high beta, heavily-shorted stocks not only “work” to the upside with great momentum, but they indeed often work marvelously…until the market changes character. And then they go back to being the “you get what you pay for,” mostly lower-priced, deuce/seven off-suit rags that they generally are.
So, make sure they are showing signs of upside momentum before you enter, and are prepared to bail on nasty reversals lower.
Members of our premium services can click here for the screen and to save it (upper lefthand corner once inside The PPT)
(Please click on image for a better view)
