New High Short Squeeze ($LINC)
Lincoln Education Services has appeared on my favorite screen in the past week, and I noticed a video via @IBDInvestors on StockTwits, so I figured I’d throw in my two cents.
Clearly education companies do well when people are scared and unemployed, so Wall Street has high expectations for the stock. With a float +20% short, a squeeze may develop as sellers scramble to cover at increasingly higher prices.
LINC looks like a strong investment so long as it stays above 18.89. Other companies that have recently exhibited this pattern are GMCR, STEC and PALM, all of which appeared on the aforementioned screen.
