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Registered User
Joined: 12/8/2004
Posts: 1,301
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Fpetry brought up a stock BBI which is currently basing out of a severe downtrend, but it also has a huge short interest ratio. It would seem to me this could make a very low risk point of entry with huge potential gains as people get squeezed out of their shorts. Has anyone ever tried this any regularity? I'm seriously considered buying some tomorrow.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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Man, my head must be in a cloud. The last two sentences should read. Has anyone every tried this with any regularity. I'm seriously considering buying some tomorrow.
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Registered User
Joined: 10/7/2004
Posts: 17
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QUOTE (HaveNoCents) Fpetry brought up a stock BBI which is currently basing out of a severe downtrend, but it also has a huge short interest ratio. It would seem to me this could make a very low risk point of entry with huge potential gains as people get squeezed out of their shorts. Has anyone ever tried this any regularity? I'm seriously considered buying some tomorrow.
I belive NFLX is the one to watch
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Registered User
Joined: 12/8/2004
Posts: 1,301
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I think you may be right robert. It has a nice 8.9 short interest ratio and it is about to either enter wave C or Wave 3. If it is just a c wave it will have no problem getting back into the 30 area. If it is a wave 3 it will have a possiblity of making it to a minimum of 31.00. I'm putting it on my list for Monday. I don't think I would enter this trade until the stock reached at least 26.90.
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