Shorts, days to cover is simply a calculation done by taking the short interest as reported (found on Yahoo Fiannce or other such sites) divided by the 100 day average volume of the stock. If only short covering took place, that is how many days it would take them to cover all of their positions. The number really is just a guide. Under 5, won't add much to the momentum 5-10, could provide a squeeze on good news, over 10 and it should add a lot of momentum to the trade if the stock breaks out

Been making money on CLF, thanks to you.

@Turbobob I like that, did you come up with that yourself or did you find it elsewhere?

It is a common calculation.

@Investolife NEVER use market orders, you need to get in my challenge, stop trading confused

@timothysykes I've never used a market order in my life. I am trying to determine if market orders are the go-to for these fast moving stocks (I have never seen such fast moving stocks...penny stocks on the TSX move slow-mo compared to this)

@Investolife NEVER use market orders on any kind of stocks

@timothysykes pointed out something really important.... "look to make sure if it gets executed and if not cancel it".... That little quote is so important. I can't tell you how many times I've easily overlooked that.

Thanks for sharing this with us. I think it is important to know how math cant have emotions.

@jiva108 You're welcome