Stocks with the Highest Short Interest [View article]
Paul,
STEC is of a particular shorting interest of mine due to the seemingly "pump-and-dump" scheme going one around it. The company's management screams "We are The Monopoly; We Own the World", while dumping their stocks. Within a month, they reduced their exposure by 20%, and the selling accelerating. There are no "buy" orders by the insiders, only "sells". P/E is at 200+ (under the assumption that they will remain a monopoly perpetually) and shorting interest is insanely high. Other players are entering the same field, and within next 3-6 months we will see some competition. Thus, I (and those 38.9% of shorts) expect it to plunge rather sooner than later.
On Jul 10 04:07 PM Paul Zimbardo wrote:
> @Bespoke > > Your analysis was great and I could see this type of information > being very useful for a contrarian trying to take advantage of a > short squeeze. > > What is the data source and what date is the data from? > > @Gyoza Mimi > > I also checked and STEC is not at the list. As of 6/10/09, the short > interest was 38.9% according to Yahoo Finance. If this is correct, > it would be right on top of the list... > > Source: finance.yahoo.com/q/ks...
Stocks with the Highest Short Interest [View article]
STEC is of a particular shorting interest of mine due to the seemingly "pump-and-dump" scheme going one around it. The company's management screams "We are The Monopoly; We Own the World", while dumping their stocks. Within a month, they reduced their exposure by 20%, and the selling accelerating. There are no "buy" orders by the insiders, only "sells". P/E is at 200+ (under the assumption that they will remain a monopoly perpetually) and shorting interest is insanely high. Other players are entering the same field, and within next 3-6 months we will see some competition. Thus, I (and those 38.9% of shorts) expect it to plunge rather sooner than later.
On Jul 10 04:07 PM Paul Zimbardo wrote:
> @Bespoke
>
> Your analysis was great and I could see this type of information
> being very useful for a contrarian trying to take advantage of a
> short squeeze.
>
> What is the data source and what date is the data from?
>
> @Gyoza Mimi
>
> I also checked and STEC is not at the list. As of 6/10/09, the short
> interest was 38.9% according to Yahoo Finance. If this is correct,
> it would be right on top of the list...
>
> Source: finance.yahoo.com/q/ks...
Stocks with the Highest Short Interest [View article]