
STOCKS RUNNING UP ON MOMO BUYING AND SHORT SQUEEZES WITH ONLY AIR UNDERNEATH, POWELL TESTIMONY
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Beware Of Air
Please click here for a chart of Semtech stock (SMTC).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of SMTC is being used to illustrate the point.
- Many stocks are running up on the momo crowd buying, highly flawed analysis, and short squeezes with only air underneath the stocks.
- Aggressive momo crowd buying on flawed analysis is levitating many stocks to a level completely divorced from reality. Short sellers see this as an opportunity to short the stocks.