BALTIMORE (Stockpickr) -- There have been a lot of eyes on the mobile phone industry in the last year. From the very high-profile failed merger attempt by AT&T (T) and T-Mobile to massive volatility in shares of Sprint Nextel (S), it's no surprise that cell phone stocks have Wall Street's attention right now.
Revenue growth has also been a major reason for investors' infatuation with mobile communications companies. As the penetration rate on cell phones increased domestically, legacy telcos have seen their businesses shift from primarily landline sales to primarily mobile sales. A rising tide of mobile phone sales has essentially lifted all ships in the industry over the last decade.
But not all cellular stocks are created equal -- and right now, investors are heavily shorting plenty of names. That's creating an opportunity for a short squeeze.
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