Xechem International Inc. (fka XKEM)

[drifterfcrc]

Oversold condition and short squeeze on Monday?????? I think the squeeze play started on Friday FWIW!!

Anatomy of a Short Squeeze

A short squeeze occurs when the price of the stock moves up sharply, which puts all the short sellers in a losing position, faced with the prospect of mounting losses. The more people who went short, the more severe the reaction will be.

In a panic, they all pile into the stock at the same time, trying to buy back the shares to cover their trades and get out of them. This buying demand and the lack of sellers drive up the price exponentially.