Updated from 7:05 a.m. EDT
Since technology companies have taken such a beating in the market, it's likely that there are also some short-squeeze opportunities to take advantage of.
The short-squeeze play is a technique that stock traders utilize to generate huge profits in a short period of time. After several days of market drops, heavily shorted stocks could surge on any positive catalyst, especially as short-sellers scramble to cover their bearish positions.Short positions of stocks are measured by the short-squeeze ratio, which represents the number of days it would take for the short-sellers to cover their positions based on the recent daily volume of the stock. Stockpickr has reviewed all the technology stocks and developed a list of the Top Technology Short-Squeeze Plays, including Open Text (OTEX - Get Report) and Cree (CREE - Get Report). To read more, visit Stockpickr.com.