MTS 0.56% $3.58 metcash limited

Short Squeeze - Phase 2, page-4

  1. 3,282 Posts.
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    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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