January 28, 2021 -- InvestorsHub NewsWire -- via
EmergingGrowth.com -- Yesterday, MarketWatch released an
article titled “It isn’t
just GameStop. Here are some of the other heavily shorted stocks
shooting higher”.
The article goes on to discuss GameStop (NYSE: GME), AMC (NYSE:
AMC), Koss (NASDAQ: KOSS), Blackberry (NYSE: BB) and Express, Inc.
(NYSE: EXPR), and how they have realized sharp moves of 134%, 301%,
480%, and 214% respectively, and that’s only the past 24
hours.
Leading the pack is:
GME – up $1,900% over the past 10 trading sessions
and;
KOSS – up 3,000% over the past 4 trading sessions.
Where is the next short squeeze coming from, and how can you
find it?
First and foremost, there obviously has to be a sizeable, short
position in the stock, relative to the average trading
volume.
Google Ads
Next, it would help if it was in a sector what would sit
comfortably with the WallStreetBets and other online communities that
have been pushing these stocks to the point of a
squeeze. The WallStreetBets crew is made up of those who
detest the Wall Street elite, short sellers, and those who they
believe created the 2008 crisis. Furthermore, they have over 4
million followers. To put this into perspective,
Goldman Sachs (NYSE: GS), has about 3
million customers. Now ask yourself, what do many of these
individuals have in common? Crypto and
Technology.
Has the stock been beaten down? Is the stock entering an
uptrend? These are the obvious ingredients to a short
squeeze. A bonus would be some confirmation that an
insider also felt so the stock was undervalued, that he would put
his own money on the line.
Here is one you can look at.
Take a look at Nextech AR Solutions, Inc. (OTCQB:
NEXCF), and ask yourself if you can we check any of those
boxes?
Average volume is around 250,000 shares, and according
to OTC Markets,
short interest as of recent was 551,000 and an additional 866,000
shares are short in Canada. Check.
Nextech AR Solutions, Inc. (OTCQB:
NEXCF), is heavily into trading cryptocurrency, and
is the first
publicly traded pure-play AR (augmented reality)
company. Check.
Nextech AR Solutions, Inc. (OTCQB:
NEXCF) stock has been beaten down from $7.00 per share in
October, to a low of $3.70 just last week. The stock put
in a bottoming tail and has been on a strong uptick with its next
resistance level of $4.50 per share, which a squeeze can easily
break. Check.
While we’re at it, how does the CEO feel about the company?
Remember, all these short squeezes started with some new positive
catalyst in the market. It turns out, Mr. Evan
Gappelberg, CEO of Nextech AR Solutions (OTCQB:
NEXCF) purchased shares in his company 5 times in
2020 totaling 1,279,885 shares, and once already
in 2021. Bonus.
Nextech AR Solutions, Inc. (OTCQB:
NEXCF) could very well become the next major short
squeeze.
As one of the very few pure-play AR investments, NEXCF stock
facilitates more than just exposure to a growing industry. Instead,
NexTech offers end-to-end solutions for any revenue-generating
endeavor, from AR-based marketing campaigns and promotions to
platform integration to education and brand evangelization. The
possibilities are truly limitless, demonstrated by
its massive
clientele list. We’re talking names like Johnson
& Johnson (NYSE:
JNJ), Toyota (NYSE:
TM), IBM (NYSE: IBM), Carnegie Mellon
University, BCE(NYSE: BCE), NATO and many
more.
Further, NexTech’s key partnerships, such as its deal with BDA
Sports to integrate a
full-scope AR technology stack, provides organic exposure to
viable professional sports leagues such as the NHL, NBA, MLB, and
NFL. This will help broaden an already expansive list of clients,
including Unesco, TEDx, Dell
Technologies(NYSE: DELL), Luxottica, Vulcan Inc.,
Boehringer Ingelheim, Grundfos, and Arch Capital
Group (NASDAQ: ACGL).
Just as importantly, the underlying financial performance of
NexTech AR more than justifies taking a shot with NEXCF with the
risk-on portion of your portfolio. First, the fourth quarter of
2020 brought home bookings of $7.3 million, representing a 275%
increase from the same quarter in 2019. As well, bookings were up
9% sequentially over Q3 results, confirming continued demand
despite the Covid-19 disruption.
Furthermore, NexTech rang up $20.01 million in bookings last
year – a record haul for the company. This incredible figure is up
235% year-over-year, demonstrating the resilience of AR-based
technologies and their relevance in the new normal, especially
through facilitating contactless services.
For undervalued growth investments with excellent risk-reward
profiles, you’re going to be hard-pressed to find anything better
than NEXCF stock.
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