What will you do if the powers that be stop trading in the stock because of “volatility” and you’re trapped until it opens again at 80% less?
You read on an Internet stock market forum that everyone there is making a fortune on short squeezes. They’re finding high short interest stocks and buying them like mad until those short are forced to cover by buying shares back. So, you join in and buy — except it’s too late, all the shorts have covered and the price has collapsed. Can you get out before the crowd starts dumping? What will you do if the powers that be stop trading in the stock because of “volatility” and you’re trapped until it opens again at 80% less? Why not just go out to Las Vegas and stand at any one of several decent craps tables that the city offers? Your chances of profiting are about the same and besides, the casinos will provide you with free drinks while you crap shoot. The New York Stock Exchange does not offer free drinks last I checked. Not on the floor anyway. Here are the hourly and daily price charts of 2 of the most watched “short squeeze” situations, both of them New York Stock Exchange traded.
