Securities Research Services

Tuesday, December 18, 2007

Turn Coming

Yesterday's selling concluded with a 70-80% down day for all three major exchanges. Sentiment figures spiked to overly bearish levels and twice as many dollars found their way into puts than calls. These types of figures are typical before a market turn.

Add to this the fact that we are near one of the most bullish seasons of the year and it makes sense to start putting together a list of potential short squeeze candidates.

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