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The meteoric rally in shares of video game retailer GameStop (NYSE:GME) has been stunning. Maybe the most stunning thing I’ve ever seen on Wall Street. GME stock was trading at $15 back at the start of December. The GME stock price today clocks in around $350 (and climbing) — up a jaw-dropping 23X in less than two months. While there are a lot of lessons to be learned from GameStop’s stock surge, here’s the most important one: Short-squeeze stocks are a great way to score 10X gains in the market.
For those new to short squeezes, here’s the quick-and-dirty version:
Professional investors who like shorting stocks (and there are a lot of them) must borrow shares, which they then must buy back at a lower price to pocket the difference. Sometimes, though, the trade goes the other way. The stock rises, and shorts are forced to cover at a loss. This injects more buying power into the security, causing the price to rise and forcing more short sellers to cover, thus powering the stock price even higher.
That’s a short squeeze.
It’s exactly what happened to GME and other heavily shorted stocks in the market right now. See: iRobot (NASDAQ:IRBT), AMC (NYSE:AMC), Express (NYSE:EXPR) or Koss (NASDAQ:KOSS) stock.
These aren’t the first short squeezes to ever happen. They won’t be the last. The big lesson is that if you’re looking to a make a lot of money quickly in the stock market, going long heavily shorted stocks with short-squeeze potential is a pretty good strategy. GME, IRBT, AMC, EXPR and KOSS stock are all great examples of this.
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