I smell a Short Sqeeze (JRCC,TASR,TSL)
All of the sudden, we have some good data coming out in the news. "IMF Provides New Short-Term Credit", and "Unemployment drops in three-quarters of US states". The market is technically oversold, and it's time to take a look at some stocks with Short Squeeze potential. At the top of our list is: James River Coal (JRCC),Trina Solar (TSL), and TASER International (TASR).
Let's jump into why these Short Squeeze stocks could pay off big:
Mastery Sponsors - Become one Today
James River Coal (JRCC) - Short Float 29.58%
JRCC missed some shipments last quarter and investors dumped the stock like Ashton Kutcher dumped Demi Moore. We think this is a great dip buy right now and the short squeeze could send shares back above the $10 level in short order.
Over the past 12 months James River Coal (JRCC) shares have traded between $5.41 and its 52-week high of $27.06. James River Coal Co shares are now trading with a P/E Ratio of 12.5 and EPS of 0.56.
TASER International (TASR) - Short Float 7.54%
Taser doesn't have a huge short percent, currently at only 7.54%. But the stock has been breaking out lately, and with the Occupy Wall Street movement going on, Tasers are selling like hotcakes.
Over the past 12 months TASER International (TASR) shares have traded between $3.55 and its 52-week high of $5.91. TASER International Inc shares are now trading with a P/E Ratio of 0 and EPS of -0.02.
Trina Solar (TSL) - Short Float 24.03%
The carnage in the solar sector this year is unprecedented. In spite of that, Trina has been consolidating since October and looks ripe for a breakout and short squeeze. Let me make clear, however, that this is a short term play. Get in and out and place a tight stop limit order.
Over the past 12 months Trina Solar (TSL) shares have traded between $5.28 and its 52-week high of $31.08. Trina Solar Ltd shares are now trading with a P/E Ratio of 1.6 and EPS of 3.78.
MASTERY Bottom line:
This is the kind of play that can make you look like a genius if you're right, and a moron if you're wrong. So play it safe, scale into your positions and place some tight stop limit orders in case the trade goes the wrong way on you.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The Number One Factor Influencing Fed Monetary Policy | ZeroHedge
- Did the Market Just Hit a Barrier? | Financial Sense
- Assange Promises "Most Interesting And Serious" Hillary Emails Are Yet To Come | ZeroHedge
- Bianco: Brexit Probably Most Bullish Thing That Happened This Summer | Financial Sense
- What Went Wrong Yesterday | ZeroHedge
- Bill Gross: Yellen's Economy "May Never Walk Normally Again, This Is Not Capitalism" | ZeroHedge
- The Search for Yield and Emerging Markets | Financial Sense
The most relevant financial news and articles from the Internets
- 9 items you shouldn't buy at Costco | Business Insider
- THE FUTURE OF SHIPPING REPORT: Why... | Business Insider
- There's a bizarre French conspiracy... | Business Insider
- Stocks tumble into the red after Federal Reserve speeches (SPY... | Business Insider
- Ten Things Only Bad Managers Say | BusinessWeek
- Iraq is considering selling its oil through... | Business Insider
- How ‘weather bombs’ could help reveal Earth’s innermost... | Business Insider