On August 4th last year when MTS was 118c I posted the following:
"I read up on detecting short squeezes and found a useful article, see link.
MTS is getting close, but not quite ripe yet as:
Short interest greater than >20% (YES for MTS, as is 20.44%).
Short interest ratio >5 days (YES, as is approximately 20 days by my guesstimate).
Share price > rising 50day moving average (Not yet, as share price is > bottoming 50 day MA)
http://alphatrends.blogspot.com.au/2006/09/short-squeeze-article.html
"
MTS is now ripe for the short squeeze as the share price has been >50day ma for some time.
Plus it is greater than its 52 week high.
This has been a good ride.
FYI, I lightened up on 20% of my holding today at 180c for a 33% return in ~6 months.
Am not worried about MTS, just worried about the S&P500 and its implications for us.
If we ever hit 250c I think I'll drop another 20-40% and keep the rest. But if they reintroduce the dividend then I'll keep more.
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10232 | $3.58 |
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Price($) | Vol. | No. |
---|---|---|
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No. | Vol. | Price($) |
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2 | 22646 | 3.570 |
15 | 90244 | 3.560 |
15 | 64767 | 3.550 |
7 | 33996 | 3.540 |
Price($) | Vol. | No. |
---|---|---|
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3.600 | 56770 | 6 |
3.610 | 51522 | 4 |
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3.630 | 112283 | 8 |
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