Citron Said it was a Short…

“Don’t let the fear of losing be greater than the excitement of winning.” ~ Robert Kiyosaki

Dear Trader,

Welcome to today’s edition of Wall Street Connected.

Through what has been a rather indecisive couple weeks in markets, one stock sourced by TrackStarIQ’s financial professional data continues to stand out to many traders and investors.

Currently ranking #2 on top searched stocks by financial professionals with $1B+ in assets under management, Gamestop Corp (GME) has quintupled in price-per-share over the past two weeks.

As the stock initially found buyers and began its bullish run, many short-selling firms stated that Gamestop had become overvalued, and was a house of cards waiting to collapse.

This company is targeting the year’s hottest healthcare trends (sponsored)

Even Citron Research, one of the most popular short-selling firms in the financial space publicly stated their bearish opinion on social media…

Having recently added three new board members, Gamestop Corp (GME) is ranking #2 in top searched stocks by financial professionals with $1B+ in assets under management.

When a stock increases 500% in price-per-share, one may often wonder why moves of this nature take place.

Many experienced traders and investors refer to moves of this nature as short squeezes.

In the case of a short squeeze, stocks which are heavily shorted by retail and institutional traders alike due to a particular catalyst are capable of making substantial upside gains if the stock rises.

As shorts begin to cover their losing positions at rapid paces, bulls take full control of the given move in a very short amount of time.

This can often result in a stock increasing in price-per-share at a faster pace than if a stock were to simply receive an analyst upgrade, or report positive quarterly earnings.

Other notable stocks which have recently been short squeeze candidates are Aurinia Pharmaceuticals (AUPH), Orbital Capital Energy Group Inc. (OEG), and Churchill Capital (CCIV).

TrackStarIQ Data

Here are some highlights from FA searches last week…

RANKTOP SEARCHES BY FAs (Total Traffic) Previous Week [STOCKS]TOP SEARCHES BY FAs w/ AUM>$1B (Total Traffic) Previous Week [STOCKS]TOP INDUSTRY SEARCHES BY FAs (Total Traffic) Previous Week [EQUITIES]TOP INDUSTRY SEARCHES BY FAs w/ AUM>$1B (Total Traffic) Previous Week [EQUITIES]
2GMEGMEDrug Manufacturers – Specialty & GenericSpecialty Retail
3GEVOCCIVSpecialty RetailEntertainment
4AUPHGTLLDiagnostics & ResearchCommunication Equipment
5BNGOLACAuto ManufacturersCutlery, Handtools & General Hardware
6TSLASENSSoftware – ApplicationDiagnostics & Research
7AAPLHOFVSemiconductorsBusiness Services
8NNDMITRMSoftware – InfrastructureBiotechnology
9ZOMNAKSpecialty ChemicalsOther Industrial Metals & Mining
10BBGEVOMedical DevicesSpecialty Chemicals
11SRNEAMZNEntertainmentInternet Retail
12NIOBBInternet Content & InformationSoftware – Infrastructure
13AMCVXRTInternet RetailBiotechnology
14BLSPNCTYElectrical Equipment & PartsElectronic Gaming & Multimedia
15PLUGIBMComputer HardwareInformation Technology Services
16BCRXMRNACommunication EquipmentBiotechnology
17BHCBLSPConsumer ElectronicsServices-Computer Programming, Data Processing, Etc.
18ALLQMCICredit ServicesBusiness services, misc
19TSNPOPTIOil & Gas E&PSemiconductors
20FCELTPRInsurance – Property & CasualtyPharmaceutical preparations

What We’re Reading:

  1. Fly Intel: Top five weekend stock stories.
  2. Schedule for the week of January 24, 2021.
  3. Extreme speculative behavior and valuation.

What We’re Watching:

The dollar has been steadily declining since November of 2020.

Some analysts may suggest that the dollar is currently undervalued.

Is now the time to buy the dollar?

Details in this video…

What We’re Liking (Sponsored):


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