Xtremepicks.com: HNSS - is the definition of SHORT SQUEEZE that can make you mega gains!
If there's ever been a perfect set up for a short squeeze we have it in HNSS - the parts are all set to make a mega gains and monster run towards the end of the week to close out the month - this is where millions are made!
We have been analyzing the short details on HNSS and they are just off the charts!
DOUBLE OF HNSS FLOAT IS SHORTED!
We can see from the chart below that HNSS was shorted heavy with a total of 60M in short volume since July 2010 with no reason for the shorts to cover until this week.
What we are seeing in October is for the first time the squeeze trigger price of $0.006, which represents the average shorted price, is much lower than the last close price of $0.011 - this signals the short MMs that they need to buy back their position by month end.
We look to days to cover to see what impact short covering will have on HNSS and with a 10 day average volume of 3.3M - the days to cover short is close to 20 days - but the shorts will need to do this in 1/4 of the time - there is only 5 days left in the month and the shorts will need to really step up their covering this week.
Investopedia explains Days To Cover This ratio is somewhat unique because it measures the future buying pressure on a stock that is virtually certain to happen - short sellers must buy back shares at some point if they are to close out their positions.
If a stock's price begins to rise significantly, investors who have short sold the stock will quickly begin to close out their positions (by purchasing shares off the open market), creating buying pressure for the stock and driving the price up even more. If a previously lagging stock turns very bullish, the buying action of short sellers can result in extra upward momentum and increased losses for short sellers who are slow to close out their positions. The longer the days to cover, the more pronounced this effect can be.
The MM games are over, shorts will be climbing over each other this week as they now know they are done.
HNSS closed Friday at $0.0109 , premarket is looking extremely bullish, and we are ready to push HNSS to the next level - our $0.05 price target is soon at hand!
About Healthnostics
Healthnostics, Inc. is a medical and biotechnology analytics company that provides comprehensive patient clinical monitoring and risk management systems to acute care hospitals and utilizes its Internet portals to deliver medical and biotechnology resource information to industry professionals as well as to the general public. Healthnostics' major products include: Worldwide Wipes Co., a manufacturer and distributor of medical and other wipes, MedGuardian, a patient care monitoring and risk management system for hospitals that is fully Web-based; and through the MedBioWeb subsidiary, MedBioWorld™, one of the largest professional medical and biotechnology directory resource and reference portal sites on the Internet, and FamilyMedicalNet, a companion consumer healthcare information portal.
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