Providing the Fed doesn’t throw the market into a blackhole today and the market remains relatively calm, there is a better than average chance that stocks with thin floats, good technicals, and a large percentage of shares sold short can squeeze higher, in an effort to inflict “max pain” upon the skulls of short sellers.
I am looking for stocks that have a good technical rating, up for the day, and has more than 25% of its float sold short and has less than 20 million shares in its float. Once the squeeze gets going, it will be almost impossible to stop it.
Just 5 names were produced (this can change on a minute by minute basis, depending on current share price). Here is The PPT screen that produces the results.
MEG
PBF
RBCN (one of my top holdings)
YRCW
SODA
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Baby, Baby, Baby, oohhh…any BIIBer fans out there? I think if the market rips higher this will rip with it along with CELG. PCLN, GOOG, AMZN, take your pick, they all rip. Lots of big names look ready to go. DECK included
Love rbcn
Um, RBCN has filed for a 60mm shelf offering