Wednesday, May 16, 2012

GLU Mobile (GLUU) - possible short squeeze

GLUU shares are consolidating nicely and yesterday they moved up on big volume.  With almost 20.00 % of its float short and the company presenting at some brokerage conferences in the next few days shares may be ripe for a short squeeze.  Minor resistance lies near $ 5.20, however nothing significant until the 2011 peak near $ 6.00.


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