4/17/2014 – Long CCIH
We performed an algorithmic scan of 1700+ stocks overnight and some interesting patterns in the market are emerging.
The Algorithm picked up a Buy signal on Chinese internet company ChinaCache (NASD:CCIH) which is a content delivery network, which has negative revenue but could be ripe for a short squeeze with outstanding shorts representing 5% of the float and 44% institutional ownership.
Due to the high reward/risk nature of this trade we are adding this to our separate ‘Aggressive’ tracker (formerly the small cap tracker) which can be found here, as well as under the ‘My Account’ menu on the home page.
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