I am so glad for the short positionIf they only knew to cover now I wouldnt be happy but the hopeless bashing has me hyped.
The 3 basic rules that are being ignored by those shorting are here.
https://www.investopedia.com/articles/active-trading/031815/rules-and-strategies-profitable-short-selling.asp
Early summer wasn't good this year but health care stocks are rallying PHM has showed weakness but the sector is picking up
Rule #1 Short the weakest sectors and market groups, not the strongest
After a recent correction health care stocks are trending higher with us stock 1/4ly reporting already better than expected
Rule #2 Watch the calendar and avoid bullish seasonality
Most importantly PHM is graduating to a senior exchange news releases and press coverage are picking up. Especially with a Normal Course Issuer Bid, The short squeeze is just around the corner. People get greedy just like the longs when PHM went to $2.00 pigs get slaughtered and the shorts are next
RULE # 3 Avoid big story stocks
- Traders love to sell securities with colorful and questionable stories that dominate the financial press and media, thinking they’ve uncovered an instant moneymaker, but these issues attract a massive crowd. In turn, the security incurs high short interest, significantly raising the odds for vertical squeezes even in virulent downtrends
AWESOME WEEKS AHEAD BOYS GOOD MONEY AROUND THE CORNER. I've been backing up the truck at these prices....