Top Tech Short-Squeeze Plays
Updated from 7:05 a.m. EDT
According to Jim Cramer, there are still some
technology stocks worth investing in
, including
Hewlett-Packard
, which he thinks is not too late to buy.
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
TheStreet Recommends
Top Technology Short-Squeeze Plays
, including
Open Text
(OTEX) - Get Open Text Corporation Report
and
Cree
(CREE) - Get Cree, Inc. Report
.
To read more,
.
Stockpickr is a wholly owned subsidiary of TheStreet.com.
