Monday, October 6, 2008

Short Squeeze

Find your short squeeze stocks and have them handy! When the market started to rally today I went straight to my short squeeze stock, LULU. The stock rallied 10% from its bottom (I managed to get a decent 5% move) in just 1 hour. When you see or feel that the market is finding buyers, step in and buy your short squeeze stock. LULU closed on the highs of the day (even though it closed -3%). Do not buy during the sell-off, wait for the buyers to get aggressive and jump in to your stock. I will try to find some more stocks today and post later, but these will probably be the major stocks I follow and have gone over before.