A lot of bad news has been hitting a lot of the technology stocks. For example, Steve Jobs has taken a medical leave from Apple(AAPL Quote), and AmTech Research just knocked down its rating on Dell(DELL Quote) from neutral to sell.
If there is any good news at all, the short-sellers may start to scramble to cover their positions, which could create some short-squeeze opportunities. A short squeeze takes place when short sellers quickly cover their positions on optimistic news, which can move the price of the stock up sharply. The metric for measuring short-squeeze opportunities is the short ratio, which is the number of days it would take the short-sellers to cover their positions based on recent average daily volume. Stockpickr has reviewed the heavily shorted technology stocks and came up with a list of the top tech short-squeeze plays for January. To read more, visit Stockpickr.com.- Loading Comments...
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