$10.00 to $100.00 to $24.00 all in one week's time. Just
curious - what's that all about?
Anyone nimble enough to make money on this? I'm not a day trader
who can spend time with intraday charts; could not take advantage
of the huge volatility.
The typical short squeeze happens when a stock’s fundamentals
unexpectedly improve. As a result, the surge in buying following
the news is compounded by short sellers buying to close out their
short positions. However, in extreme cases, such as the DryShips
scenario, broker inventories can also come into play.
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Posted by RichieD on 17th of Nov 2016 at 10:48 am
$10.00 to $100.00 to $24.00 all in one week's time. Just curious - what's that all about?
Anyone nimble enough to make money on this? I'm not a day trader who can spend time with intraday charts; could not take advantage of the huge volatility.
Could be broker inventories.
Posted by EdZ on 17th of Nov 2016 at 10:55 am
The typical short squeeze happens when a stock’s fundamentals unexpectedly improve. As a result, the surge in buying following the news is compounded by short sellers buying to close out their short positions. However, in extreme cases, such as the DryShips scenario, broker inventories can also come into play.