Replies to post #11498 on China MediaExpress Holdings, Inc. (fka CCME)

[Steev-o]

As you've probably guessed, just the start of the squeeze. Anyone have any thoughts about how to guesstimate a "top" of a squeeze? But looking at the chart, recent action, and such high short interest, I'd guess an immediate squeeze tops out around 50 dollars. I want to say 60, but we need to see another leg of the squeeze. Then again, for long-term holds, it's all good.

[atco1982]

swampdonkey, of course you know the answer to your question, "Short squeeze. Is this what we have seen today?" I watched the trading all day long and this was, indeed, the squeeze. I think that half of the volume was shorts who were scared as hell. One fourth, institutions and we belivers buying more, and maybe one fourth traders. But normally the traders take some profits from time to time but not today. Everytime it dropped a bit and didn't continue down, the shorts got more frightened and bailed out at that level. Even at the end of the day (which I was waiting for to buy more) there was only a minor selloff. This indeed was the START of the big squeeze. At the most they might have covered 2M shares. Much more to go. IMHO