One of the top performers last week was URW which rallied ~15% following major short covering overseas. Today I have again looked at 3 stocks locally which carry major short positions and could be prime candidates for a potential short squeeze. In our opinion if we do see a number of such squeezes in the vast majority of cases it will represent some sort of “get out of jail free card” as opposed to the start of a huge turnaround story i.e. again be prepared to sell!
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Monthly Update: Portfolio performance and positioning during October
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM is neutral URW
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