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A handful of heavily shorted stocks experienced extremely volatile trading on Monday morning, leading some experts to speculate the 2021 short squeeze trade may have finally run out of steam.
The poster child of the short squeeze trade, video game retailer
GameStop Corp. (NYSE: GME), traded as high as $159.18 on Monday before dropping back below $79.
Meanwhile,
BlackBerry Ltd (NYSE: BB) initially jumped to $20.83 before dropping back to $17.30.
Bed Bath & Beyond Inc. (NYSE: BBBY) rocketed all the way up to $47.73 but then pulled back to $31.0.
Explaining The Action: Benzinga PreMarket Prep co-host Dennis Dick and Tim Quast, founder and CEO of ModernIR and Market Structure Edge, discussed the short squeeze trade on Monday morning’s show.
Thunder s Bash Boost blunder costs them in Strikers loss
Loss of two key wickets in consecutive balls as the Thunder chased the bonus point proved costly as the Strikers jumped ahead and into third spot on the BBL ladder
Andrew Ramseyat Adelaide Oval
24 January 2021, 08:02 PM AEST
Thunder s Boost collapse hands Strikers critical win
The match in a tweet: Thunder s Boost Bash blunder triggers collapse as Strikers storm home into finals contention.
The score: Adelaide Strikers 6-159 (Head 31, Salt, 31, Weatherald 31, Doggett 2-21, Milne 1-6) beat the Sydney Thunder (Khawaja 36, Neser 2-17, Siddle 2-22) by six runs
The points: Strikers 4, Thunder 0
The clutch over: Wes Agar, Adelaide Strikers leading wicket taker of BBL|10, faced the worst possible start when charged with bowling the final over. With Thunder needing 23 to win and the big-hitting Ben Cutting at the crease, Agar watched his first delivery sail over the mid-wicket fence for six. But he fought back with two dot bal
The rapid rise of the Perth Scorchers up the KFC BBL standings in recent weeks has been built on their dominance of the Power Surge, with statistics revealing they have been the best exponents so far of the competition s new rule.
But in a sign that success in the Surge isn t everything in the Big Bash, tonight s blockbuster clash between the third-placed Scorchers and ladder leading Sydney Sixers will pit the Surge s most destructive batting side against it s worst performed bowling attack.
QUICK SINGLE
The Power Surge, a period of two overs between overs 11-20 where only two players are allowed outside the inner fielding circle, was one of three new rules introduced to the competition this season.