Sentences with phrase «major short squeeze»
In turn, this suggests that smart money will sell a rally that reaches January resistance unless a NAFTA agreement triggers a major short squeeze.
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The Nasdaq remains much stronger than the other major global indices, with the S&P 500 only bouncing back to the key 2735 level despite the two - day short squeeze and today's pre-market rally.
The major US indices not just erased the more than 2 % pre-market drop, but managed to close around 1 % above yesterday's close, as late shorts got burned once more, similarly to yesterday's and last week's short - squeezes.
The move took major cojones because with such a large percentage on the short side, around 20 percent, in the hands of one person, those on the other side of the trade — who are betting the stock will go up — can try to orchestrate the aforementioned «short squeeze,» by buying up shares.