Zacks’ Voice of the People Highlights user MightyMo: “MO’s TWIT: PRAA” from the People & Picks community.
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
MO’s TWIT: PRAA
Portfolio Recovery Association, Inc. (PRAA) is a stock I normally don’t follow. However I’m looking into (testing) what I call ‘special situation’ stocks.
PRAA hit bottom about a year ago but since that time has been in steady uptrend mode. The stock had a breakout and gap’d up in mid-february and has continued to climb. The stock was around 44 when it broke out mid-feb and gap’d up to 50. However it has continued to go up and is now at 56.75.
There is currently a short interest ratio of 10.1. In otherwords, it will take 10.1 days for shorts to cover their positions given a short squeeze. It might have already started. The short percent to float is a high 26%.
Again this is what I call a ‘special situation’ stock and a speculative ‘short term’ quick and out play.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.com
