Bear Trap Screen

PII showed up on one of my screens...I'll call it the the bear trap/short squeeze screen...when I feel the market wants to trap over anticipatory bears, I'll look at somewhat uptrending stocks that have above normal short interest...this puppy has a short interest ratio of 26...that means it will take 26 trading sessions at average volume for all the shorts to cover...I'll look for a gap up and try to buy near the break of the 15 minute (opening range) high...this one was a little tricky and not exactly what I look for but entry was taken above the fifth bar close @ $44.93...we'll see how the rest of the day goes...may hold this one into the a.m. session.

Fib extensions are $45.39, $45.67 and $46.14...jfg.