Taking Advantage of the Situation #1 : Buy stocks in the midst of a Short Squeeze
Hey folks,
I know its been a whie, but with the current semester workload and getting ready for Grad school, it hasn't been easy. Although I have been able to trade, I haven't had a chance to really take a great look at stocks or the market in general. I know its sad, but thats how it is when you're busy. I hope some of you took advantage of AVM (listed under AMEX All Stars 2), as the stock has been en fuego the last few weeks. I say there is more room for it too run, so hold onto it. Anyways today, I would like to talk to you about buying stocks that are in the midst of a short squeeze. Some of my best gains have been achieved by doing this, so this is why I am passing along this advice to you as well. When you couple a few good short squeeze candidates withover bullish market conditions, you can attain some rather explosive gains in stocks in a matter of weeks.
Some of my favorite Short Squeeze candidates include:
USIH
SRZ
AW
COBZ
RAI
WW
UIC
and OFC and WRE which are too hot REITS. Definatly take advantage of the REITS as they are becoming quite the market leaders in 2006. I also suggest you take a look at Pro Funds Ultra Real Estate mutual funds. Check out www.profunds.com for more info. They even have a fund where you can short gold and precious metal stocks.
posted by Nick M. @ 4:55 PM
1 Comments:
Dude,
My thoughts are avoid CYKN.OB. I am guessing that you either did a search for CYKN and found that I have mentioned it. Although I didm this was a while ago and any information that I may have posted on CYKN, IS Outdated. CYKN was meant as a quick trade months ago based on the technicals it displayed at that time. Since then, CYKN's technicals and fundamentals have deteriorated and I CANNOT recommend to you to play it. I will offer my opinion though. Looking at the chart, it does look like it has bottomed out, but RS is showing some direction indecision, if not, some bias towards the negative end. Also with daily trading volumes of less than 50,000 shares, CYKN is not going anywhere, anytime soon. My suggestion is if you bought, sell it and get into something else. The market is in a confirmed rally and there is no need for penny stocks. I have posted many hot new stocks, so check them out. You may actually like them! I recommend MEND, IR, RSTI, DSW, MCRI, and others. Good luck and sell that CYKN if you already bought it!
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