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One of my 10 "Trading Commandments" is "Short sellers are usually a bull's best friend." That's because short interest, especially when there's too much of it, often provides the fuel for strong rallies.
It sounds counterintuitive, but it's true. How does that work?
It's fascinating, it has everything to do with human nature, and, best of all, it can be one of the most wildly profitable events for any stock.
You just need to make sure you're on the right side of it, and with Best Buy Co. Inc. (NYSE: BBY), this is your big chance.
About the Author
Chris Johnson is a quant - he's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.
Chris also contributes to Money Morning as the Quant Analysis Specialist.