Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Buy This Short Squeeze Stock Today for Double-Digit Profits
https://moneymorning.com/?p=1181406
Required Please enter the correct value.
Twitter
Stocks: AMC, CLOV, GME, WB

Buy This Short Squeeze Stock Today for Double-Digit Profits

By Andrew Keene, Special Contributor, Money Morning • June 14, 2021

View Comments

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Five-hundred and three percent on AMC Entertainment Holdings Inc. (NYSE: AMC)... 94% on GameStop Corp. (NYSE: GME)... 221% on Clover Health Investments Corp. (NASDAQ: CLOV)... Retail investors and traders are just raking it in.

My Super Squeeze Profits readers following along have had the chance to close out two 100% winners and a 313.7% winner on some options I recommended to them in late April.

These are just some of the most recent monster gains generated by the short squeeze - hands-down, it's the markets' hottest trade right now.

But... you can't just pick a stock and expect huge profits to follow; it can be tough for regular investors to figure out which stocks are great short-squeeze candidates with triple-digit profit potential.

I've got you covered, though; there's one stock on my screen right now that's looking good. Really good...

This Stock Could Take Off as Soon as This Week

Now, it's tough to say exactly how much hedge funds and institutions have lost to regular retail investors in these huge squeezes since late January, but I think a good, rough guesstimate would start well north of $20 billion.

All that said, Wall Street has not learned its lesson - good thing, too. Institutions are still shorting stocks left and right... and getting killed doing it. A couple of tweaks to my proprietary S.C.A.N. algorithm have helped me isolate what I think are the two best signs of an explosive short squeeze.

Some of the bigger, more famous squeezes out there right now, like GameStop and Clover, are a little on the crowded side; I think there will be more "rounds" of moneymaking there, though, and I'll get in touch when I think the time is right.

For now, though, S.C.A.N. and I really like the way Weibo Corp. (NYSE: WB) is looking.

Some folks call Weibo "the Twitter of China" - it's one of China's biggest social media players and a leader in "microblogging" over there.

Chinese firms tend to attract a lot of short-sellers' attention because of American and Indian crackdowns on Chinese companies, and Chinese crackdowns on Internet activity. The company keeps on trucking though, with more than 445 million users - much more than the population of the United States.

But as I've said, right now, the fundamentals aren't as important as what's actually happening with the stock. It's an interesting setup.

The last data published by Nasdaq shows that around 12.54 million shares of WB are actually being shorted right now. Short interest was down just slightly since the previous reporting period, but overall, short interest has climbed by nearly 65% since January 2021. Its short interest ratio is 8.1, which isn't the most important signal I look at, but it's good confirmation that this stock is absolutely ready for an explosive move higher should it rise and the short-sellers have to scramble to cover those positions.

Bad news if you're a hedge fund, great news if you're a retail trader or investor. I think the shorts could move to throw in the towel at $60 or a little higher, which would be more than 25% from Friday's midday price - that gain would be nice enough, but if you were long, whether with call options or selling puts, instead of simply buying it, you could easily double your money or better as the "super squeeze" takes hold.

Every Monday, I hit my Super Squeeze Profits readers up with a "watch list" of stocks - short squeeze candidates - that S.C.A.N. has hit on recently. These are stocks I think could potentially be ready for a big, fast move higher, and when I see conditions are right, I go out to my readers with a trading research recommendation - option ticker, entry, exit, and everything they need to know to get a shot at a big win. You can learn about how it works right here.

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Andrew KeeneAndrew Keene

About the Author

Browse Andrew's articles | View Andrew's research services

Andrew Keene is a globally known trader and a renowned expert on all things options.

… Read full bio

Login
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Anonymous
Anonymous
1 year ago

is BB and EXPR still a hold ?

-1
Reply
Evemarr
Evemarr
1 year ago

I’ve been buying my stocks thru Stash. I can’t find that they have WB. Weibo. Is it possible to change the firm I use wo selling all my stocks first?

0
Reply
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz