Tuesday, October 06, 2015 5:41:49 PM
MPO, I look for a short squeeze coming soon, chart below:
MPO's price behavior has been acting strange over the past week or two as short sellers have moved in to try & hold the market cap below the $50MM threshold needed for MPO to remain its listing on the NYSE...
After observing MPO's curious behavior, I built a $10K short position in BZQ averaging $181.17, then posted a bullish message for BZQ here on this message board. Just as I expected, the trading behavior of BZQ immediately changed, the price fell, and I covered today below $140.00 for a $2000.00 gain!!!
Someone knocked BZQ down & they are trying to do the same with MPO, but it looks like they are about to get squeezed!!! I am literally laughing out loud!!!
MPO's price behavior has been acting strange over the past week or two as short sellers have moved in to try & hold the market cap below the $50MM threshold needed for MPO to remain its listing on the NYSE...
After observing MPO's curious behavior, I built a $10K short position in BZQ averaging $181.17, then posted a bullish message for BZQ here on this message board. Just as I expected, the trading behavior of BZQ immediately changed, the price fell, and I covered today below $140.00 for a $2000.00 gain!!!
Someone knocked BZQ down & they are trying to do the same with MPO, but it looks like they are about to get squeezed!!! I am literally laughing out loud!!!
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
