Fools Short Squeeze Rocket Stocks
0.41%November 29 | MyPlanIQ portfolio symbol P_34036
Short Squeeze Stocks That Can Create a Rocket Portfolio
His example:
On Aug. 25, 2010, Green Mountain Coffee Roasters (Nasdaq: GMCR ) was:
- Sporting a P/E greater than 50.
- Seeing its stock reach record highs, having gone up over 300% in the previous two years.
- Was being heavily shorted.
Clearly, this was a stock to avoid, right? Wrong.
The stock is up 190%.
Two key things to look for:
- Innovation wins out.
- Heavily shorted stocks can jump on any sign of good news.
He then points out these six innovative
companies currently attracting a lot of attention from short-sellers, as
well as the percent of their available shares (float) being shorted.
|
Company |
What They Do |
Short % of Float |
|---|---|---|
| Entropic (Nasdaq: ENTR ) | Connects your home's electrical devices | 33% |
| Soda Stream (Nasdaq: SODA ) | Soda-making machines for the home | 30% |
| Ebix (Nasdaq: EBIX ) | On demand e-commerce solutions for the insurance industry | 32% |
| Travelzoo (Nasdaq: TZOO ) | Travel and local deals | 45% |
| First Solar (Nasdaq: FSLR ) | Solar power | 39% |
| Coinstar (Nasdaq: CSTR ) | Redbox DVD rentals and coin-counting machines | 37% |
Source: Finviz.com.