Monday, October 6, 2008

Short Squeeze Candidates

CME

Very very strong today. This stock can run tomorrow, but a pullback would also be very nice. Days To Cover (Short Interest Ratio) 2.3

HANS

Buyout rumors, good consolidation. Days To Cover (Short Interest Ratio) 9.9

LULU

Chart is a little sloppy but it is right and support if it fails here, it will be headed to the lows. Today's action was very promising. Days To Cover (Short Interest Ratio) 8.0

MW

Not the most bullish looking chart, but it has been consolidating for a very long time and has a big short interest. Today's action looks good. Days To Cover (Short Interest Ratio) 10.0

SHLD

Possible bull flag, but I have my doubts. It is at a critical point here, at the 100 DMA and previous support and the bottom of the trendline. So if you take it, the stop is easy. Days To Cover (Short Interest Ratio) 11.4

UA

Not the greatest fundamentals FPE 20. The price action is somewhat confusing, it ran up high but it pullback way too much. Today's action is a plus. Days To Cover (Short Interest Ratio) 16.6

I will also look to buy some very oversold coals stocks IF the market acts strong: MEE, ACI, BTU.