Top Homebuilder Short-Squeeze Plays
Updated from 7:03 a.m. EDT
The stock market has bottomed, even if on a short-term temporary basis. The major fall in the stock market has created significant short-squeeze opportunities, especially in the homebuilder stock arena.
A short squeeze takes place when a stock's short-sellers scramble to cover their bearish positions when that stock moves sharply upward; their buying ends up pushing shares even higher. 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.
This week, Stockpickr has come up with a list of the
top homebuilder short-squeeze plays
, including
NVR
(NVR) - Get Report
,
Hovnanian
(HOV) - Get Report
and
Lennar
(LEN) - Get Report
.
To read more,
.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
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Financial Times
and the author of
Trade Like a Hedge Fund
,
Trade Like Warren Buffett
and
SuperCa$h
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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