samitrading

Short squeeze mini series # 11

NASDAQ:CEMI   Chembio Diagnostics, Inc
What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price


KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
Comment: Still 21 % short interest on this ticker. We are heading back to the upper channel's line.
Comment: Going back to lower line of the channel, we just broke the middle line of it.

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