This Short Squeeze Candidate Could Actually Pan Out in the Long Run
They're certainly fun trades to make, assuming you time them just right. But no serious long-term investor sees spotting prospective short squeezes as a sound stock-picking strategy. There's just too much luck and strategy needed to consistently make money with the approach.
That's not to suggest, however, that a short squeeze candidate can't be a stock worth owning for the long haul. Plenty of great publicly traded companies -- particularly young ones -- see their shares occasionally targeted by short-sellers looking to make a quick, easy buck. Sometimes a good short squeeze rally is all that's needed to get these tickers moving higher once and for all, ultimately driven upward by that company's actual growth.
Upstart Holdings (NASDAQ: UPST) is one such name right now, ripe for a short squeeze that could be the beginning of so much more.
Source Fool.com
