Posts Tagged "short squeeze"

This pump and dump is hilarious. $LEDS (Semileds stock) announced last Thursday that some no name Chinese investor (Dr. Peter Chiou) was willing to purchase around 20% of the outstanding stock in LEDS at $5, when the stock was only trading at $3.30 the previous day of the announcement. Sounds fishy? Heck yes! Who is Mr. Chiou? Our google search found no one reputable in the LED business. So then we checked his home residence address...

Insane moves of -35% in stock price one day and +35% the next are ridiculous in my opinion. That's what happened in $LXU (LSB Industries stock) the past 2 days. It tanked on bad earnings and got upgraded by 2 firms today to strong buys. We bottom picked it yesterday and today we shorted the squeeze near the top. The guidance yesterday provided by $LXU was pretty bad so a move of +35% on upgrades today was asinine. Shorted into...