If you’re interested in a potential short squeeze, take a gander at [[FTK]] again. With 4 million shares sold short or 15% of the float, and crude/natty going up, this sucker has a potential to print $20+ again.
The downside surprise has been eliminated, at least in the near term, due to the company’s recent guidance. And, if you’re a glass half full type of guy, one can make the argument that the current eps estimates represent a very low bar for the company.
In short, trading under 15x, FTK can easily rip to the low 20’s and start a short squeeze, especially since the stock trades on thin volume.If you enjoy the content at iBankCoin, please follow us on Twitter