Hi Valued StockTips Member!
Statler here. As you can see, PGLO got shorted out of the gate this morning. Some cowboys thought they would get cute and short PGLO. As a result PGLO went down a bit out of the gate.
PGLO bounced back very quickly, giving us all a unique little present and opportunity. It's called a "SHORT SQUEEZE."
Calling ALL traders! Time to Push up PGLO, and capitalize on this unique short position!!!
As of this writing PGLO has fully recovered on the day so far and is already in the green. And now it is time to show those short selling cowboys a lesson. It is called the SHORT SQUEEZE and what it means is that if we come on strong as buyers these short sellers will have to cover their positions and buy stock at higher prices than they sold them, which could make the price go even higher.
These short-sellers are the pirates of the trading world. They are betting the price on PGLO will go lower which means they will have to buy the shares back for less money than they sold them for and thus they profit.
But if we come in now and push the price up with new buyers these cowboys will have to buy the stock back at a higher price, as their banks and stock brokers force them to cover.
They will be squeezed they will have to do it there is no choice. That was the deal with the devil they struck when they shorted PGLOin the first place.
So now is the time to come in and come in hard. I think back on my career and without a doubt the single biggest profitable days are almost always had on a day like today when I went against some short selling cowboys and forced these pirates to cover.
Let's get these cowboys! All in on PGLO!!!
Happy Trading,
Mike Statler
Co-Editor, StockTips