Post by
quinlash on Oct 31, 2024 1:58pm
RE:RE:3 Hot Biotech Stocks to Watch $DRUG $NRX $BIOV
The trick to finding stocks that make these sorts of rapid / massive runs is to buy on stocks that have high short positions. It takes time to form so long hold times are a necessity.
Shorts are under contract to buy, regardless how high a shareprice starts to go.
The share deal announced was likely a result of a hedge fund being caught in a squeeze and they were forced to buy shares by the regulators.
For disclosure, I hold no long nor short position on this one, just monitoring for analysis purposes.
Best Regards
Comment by
Investor10X on Nov 11, 2024 3:35pm
There's no doubt that a high short counts that needs to be covered on a buying spree by investors shoots a stock into the stratosphere. However, finding decent stocks with great news that has yet to be discovered by other investors in a sector that is ready to explode is also another way to see a decent move in a stock. Fundamentals work too, just slower.