Smoking Securities

Half Baked High Finance

All Time High Short Squeeze ($TUX)

with one comment

Trian Aquisition is a blank check buyout company, so their business model is incomprehensible at best. Nevertheless, the intangible wealth of TUX is far more alluring than concrete inventory, and a stock at all time highs with a short float of 60% is a good place to took for emotional upward momentum.

STEC has made a solid move from 14 to 16 since appearing on my favorite screen. Heavily shorted stocks making new highs become difficult to acquire and are prone to buyers panic.

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Written by chucklesamadeus

May 28, 2009 at 5:03 pm

Posted in Finance, TUX

Tagged with ,

One Response

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  1. Help stamp out dishonest short selling.

    http://www.petitiononline.com/shortNOT/petition.html

    Bob

    May 29, 2009 at 6:51 am


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