3 Short-Interest Plays

Headline risk is again near heights. There is always more to every story beyond a headline, but the market doesn't think or act that way. Trade first, read later. This afternoon, we were hit with a story about Russians firing an ICBM. As more of the story came out, it appears the test firing was known about by other countries and the U.S. It was only good for about a five-handle drop on the S&P 500, but it's recovered the drop already with the story clarification and follow-up. This shouldn't be a surprise, the headline risk, but if you haven't adjusted your trading for the whipsaws it is going to create for the foreseeable future, you should do so immediately if not sooner.

There are a few big, short-interest names reporting tonight that I want to watch as potential squeezes if their earnings are good. Squeezes, post earnings, have been playing out best about an hour before the market open, buying the long side, and then selling 30 minutes to an hour into the regular trading session....311 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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