The other side of the washout that is going to occur in the hedge fund community is the squeezing of their consensus shorts.
Fannie had a +30% squeeze move today on huge volume to close at $9.20.
My model has this stock with the potential to run-up to $13.02, and nothing changing in terms of its bearish formation. If it does, how many short selling geniuses out there can manage that risk?
KM
Fannie had a +30% squeeze move today on huge volume to close at $9.20.
My model has this stock with the potential to run-up to $13.02, and nothing changing in terms of its bearish formation. If it does, how many short selling geniuses out there can manage that risk?
KM
- Fannie (FNM)
chart courtesy of stockcharts.com