20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
The movement of retail traders against hedge funds has caused several stocks to spike. Many of the top movers have been stocks that have a high percentage of their floated shares short, causing what’s known as a short squeeze.
Among the other themes of the high-flying stocks is that many of them started trading under $10 before their run-ups. AMC Entertainment (NYSE:AMC), BlackBerry Ltd (NYSE:BB) and Express Inc (NYSE:EXPR) were all stocks that were under $10 and saw huge increases.
Related Link: AMC, National Beverage And 8 More Heavily-Shorted Stocks To Watch
Here are 10 stocks that trade under $10 with large short percentages that could be short squeeze candidates:
- Clovis Oncology Inc (NASDAQ:CLVS) is a biotechnology company. Currently, 42% of the float is short.
- Senseonics Holdings, Inc. (NYSE:SENS) is a medical technology company; 34% of its float is traded short.
- VBI Vaccines Inc. (NASDAQ:VBIV) develops vaccines for adults, children and newborns; 20% percent of the float is short.
- Naked Brand Group Ltd (NASDAQ:NAKD) sells intimate, swimwear and apparel, and 33% of its float is short.
- Precigen Inc (NASDAQ:PGEN) is a biotechnology company; 35% of its float is short.
- Opko Health, Inc. (NASDAQ:OPK) is a pharmaceutical and diagnostics company, with 26% of its float short.
- Lannett Company, Inc. (NYSE:LCI) is a generics pharmaceutical company; 25% of its float is short.
- Dyanvax Technologies Corporation (NASDAQ:DVAX) is a biotechnology company that is seeing 24% of its float traded short.
- United Microelectronics Corp (NYSE:UMC) is a semiconductor company that makes products for companies like Advanced Micro Devices, Inc. (NASDAQ:AMD) and Xilinx Inc (NASDAQ:XLNX). The company is seeing 21% of its float traded short.
- TherapeuticsMD Inc (NASDAQ:TXMD) is a pharmaceutical company targeting women, and 25% of its float is short.
- (Photo: Omar Eduardo, Flickr)
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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