Thursday, July 24, 2008

The Power of short squeeze

The finanicial stocks have been dumped for 5 weeks and all of a sudden it reversed vigously by setting new rules: 20 major financial stocks can't be shorted for 7 days, may extend later.

The financial ETF: VFH jumped % in 6 days.
UYG jumped
SKF dumped

BOA jumped 85% from 18.44 to 34.26.

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