EvanMedeiros

squeeze is on, roll or hold

BATS:FB   FACEBOOK INC
93 1 0
$FB well there's the hard reversal day I have been waiting for. It came off a nice double bottom around 23.26 and only took two analyst upgrades to put on a nice short squeeze. I am still a little skeptical on the upside for this name for right now. To me, this is just a bear market squeeze higher until proven otherwise. I want to see a higher low put in (ideally above the 23.93 gap) before getting interested to the long side. Wait and see mode for me, the bleeding stopped for now, but now lets take the temperature and wait for some additional signs of commitment.
Not sure who is shorting this. Short interest is near 2% of the float.
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