Seeking Alpha
  • Eric Stalee
    Long: AHGP, ALSK, EPD, FLS, FST, GTU, IRDM, LIFE, LINE, NI, PCXCQ.OB, PKOL
    12/12/11
    Reply (16)
    • Eric Stalee: weights biased towards energy.
      12/12/11
    • nasalpancho: im long erx -- easier lol
      12/12/11
    • Eric Stalee: Leveraged decay, no thanks. I only would do that for day-trading or a longterm if we were in a bull market. Same with shorts. LT in a bear.
      12/12/11
    • 0ZJ: Thought about buying into ALSK based on the tip here.
      12/12/11
    • Eric Stalee: There's a ton of short interest in that thing, 15% or more I think. Plus the yield is nice. :)
      12/12/11
    • nasalpancho: 3p -- Im just playing for the week -- think we take another run at 1260 by friday and the dollar eases up off todays high
      12/12/11
    • 0ZJ: Эрик: Yeah. I see that, but I have a rule about going for tips without really grasping all the reasons for them.
      12/12/11
    • 0ZJ: I can't claim to fully understand a shortsqueeze or how to play it.
      12/12/11
    • Eric Stalee: Ok, whatever works for you. I'm the same with options. Kind of understand them, but not at a level that I'm comfortable trading them.
      12/12/11
    • Demi9OD: If a high percentage of the float is short, and price action begins to move against them, they cover, driving the price up quickly.
      12/12/11
    • 0ZJ: Demi: I get that. What leaves me uncomfortable is trying to gauge how long those shorts will be willing/able to hold on and how quickly...
      12/12/11
    • 0ZJ: ...they can exit. I get the "days to cover" as a certain measure of this. It just feels awfully speculative, like a potentially small window
      12/12/11
    • Demi9OD: Create a squeeze watchlist and watch for fast price movement to the upside. I wasn't paying close enough attention and missed TZOO this AM-OLD.
      12/12/11
    • lewwillis: I bit on ALSK today too. Hoping for the squeeze...
      12/12/11
    • Eric Stalee: Yup, It held up rather well compared to the rest of the market so that was also a factor in me buying it as well.
      12/12/11
    • Ocean Man: A squeeze needs a catalyst. The KeyBanc note was the catalyst for DMND. Avoiding a 4% dividend payment on 12/28 could be it for ALSK.
      12/13/11