Tuesday, January 17, 2012

Tesla Short Squeeze?

Just a hunch here, but this looks like a real good trade here! TSLA short interest ratio is 23.8. 23.8 I said! For those of you who don't know, 23.8 means, that it would take short sellers nearly 24 days to buy back the shares that have been shorted on this stock, if the number of shares traded daily were to meet it's average going forward.

Goldman Sachs just put a BUY on the stock. There is a good possibility that short sellers will now come in to cover at least in the short term. TSLA was up 16% today.  I'm betting SHORT SQUEEZE.

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