Posted On: 09/05/2014 12:24:26 PM
Post# of 6596
Short sellers can get caught in a stampede, nicknamed "hong kong phooey" that is self perpetuating because all of the short sellers try to "buy and cover" or exit at once. This phenomena is known as a "short squeeze" and drives the share price higher as shorts rush to the exits to close out part or all of their positions.
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