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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status | |
|---|---|---|---|---|---|---|---|
| LTM | Recreational Products | 17.51% |
|
20 | 18-Jun-08 | Currently Holding |
01-Jul-08
Has the Lifetime Fitness Short Squeeze Started?
Holding Rationale for LTM.
This is in relation to my earlier post on LTM.
LTM started the day off down over 5% and down over 30% since June 6th, despite essentially no company specific news. The 5% drop today came before the market tanked over 1%. It then steadily climbed into positive territory on 2.5x average volume. The climb continued even as the market declined, possibly signaling a short squeeze as over 50% of LTM shares are sold short.
I'm expecting the uptrend to continue for a while, since it will take quite a bit of buying, even on 2.5x average volume, to cover all those shorted shares.
On another note, LTM looks very attractive fundamentally.
Tagged Stocks: LTM
Posted at 13:12 in Holding Rationales | Permalink | Comments (0) | Top
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