Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (63624)	4/30/2003 8:56:34 PM
From: Trumptown	Read Replies (2) of 94695

OK, for potential 'squeezers', I look for 3 things...in order of importance: 1. Must be a constructive chart (very important) 2. Heavy short position 3. Turning fundamentals In the case of CHTR, there are still 40 million shares short. Recently there have been a few more positive PRs As far as the chart goes, this one is interesting: siliconinvestor.com You see the recent spike, then subsequent selloff...it bounced hard off 1.50 but couldn't be taken lower (shorts and sellers were trying to pull it down) Also, notice the RSI and the stochs both dipped relatively low, and are turning up now...but, the price stayed up. That tells me it's wound up tight. Now if you look at the bigger picture: siliconinvestor.com Notice the 2 previous spikes...both went down quickly. This recent spike didn't...particularly because of the last spikes, and the expectation it would drop back, sellers and shorts are caught without shares. Any positive news will send it north fast. There you have the anatomy of a 'squeezer' -now, watch it tank tomorrow!-lol Would like to see it get thru the 1.75 level tomorrow...

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