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Re: SteveKing post# 10570

Monday, 06/17/2013 9:19:55 AM

Monday, June 17, 2013 9:19:55 AM

Post# of 27467
SNWT - Short squeeze ahead!

Don't sell too cheap. Let them soak! See what you should do now:

Good Morning SNWT Community!

Can't await todays opening! I think short squeeze ahead!

What is a short squeeze?
If a stock starts to rise rapidly (like SNWT did last week), the trend may continue to escalate because the short sellers will likely want out. For example, if a stock rises 15% in one day, those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher.

So I have a favour to ask you.

Don't give the short sellers or the MM's the chance to cover their positions cheap!

Buy at the market. Buy orders with limits like 0,004 are only opportunities for them.

Ditto for stop loss sales. Sell with limit or at the market. Otherwise they will trigger the stop loss limits to get the prices lower!