SLS (Sellas Life Sciences) – $1,300 and a Perfect Short Squeeze

A low float, strong catalyst, and big volume caused SLS (Sellas Life Sciences) to run hard and trap short sellers yesterday.

SLS (Sellas Life Sciences) flew nearly 200% yesterday after a price target increase and positive results from their breast cancer drug’s phase 2 trials. It pumped on nearly 18 million shares in volume, and stayed strong into close. When paired with their low float and short crowded situation, I bought it in the day two premarket looking for the squeeze. The squeeze came right on time and resulted in a $1,300 gain.

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