We had a nice short squeeze in $KN (Knowles Corp stock) happen today. The company reported nice earnings results and forward guidance yesterday after the close. But a rip of +31.4% at its intraday peak was a bit excessive in our opinion. A climb of around +20% would have been the move expected.
Thus we began shorting $KN at $16.66 (when it was +28%) and added when it climbed even more. We rode the short position down and covered into weakness.
These are just MANY of the trades we do each day numerous times in the MookTrader stock chatroom. All trades called out live as they happen in the room.
Net Profit: $2,549