On the other hand...
St. Joe Surges on Short Squeeze
By Jim Cramer
About this article:
Too much short: St. Joe . You can tell it's become a monster short squeeze. How else can you explain this quick move up? The bears all had it as a housing play. Now it is a land play. The huge amount of short -- about a fourth of the available trading -- has just overwhelmed the darned thing. This is one of the reasons I always tell people to use puts in heavily crowded names instead of owning the common outright. The shorts have turned a negative into a positive! Holy cow, a company sings the praises of a business, then gets out of it and the stock ramps! That's because the shorts have no idea what to do now. And when they have no idea, they have to cover. Random musings: This weekend, the legendary Seth Glickenhaus gave Barron's Ingersoll Rand as one of his current stock picks, and it...
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