Even though the indices show little changed, under the hood of this market 2011 was an abomination. All of 2010’s momentum, hedge fund favorites, have been dismantled. Expect these stocks to get spiked into the New Year. Why hold onto shit, when you could book the loss and gain peace of mind?
On the other hand, I expect many stocks to be oversold by small dicked failures. Let their failures transform into your success. As the branches of old/stupid money managers fall onto the ground, decomposing into the soil, new trees will emerge, feeding off their demise. That is nature and it applies to every aspect of life and business.
Here are some names that might undergo wholesale liquidations.
CME
CRM
FFIV
FLS
FSLR
BEN
GS
APA
CMI
PH
JOY
MTB
BDX
NFLX
EW
CHRW
SLB
AGU
CTSH
CLF
XEC
WLT
DVN
SPW
BG
MHS
RIMM
MWW
CREE
MOS
SOHU
ANR
ROVI
CCJ
X
NIHD
DLB
YOKU
C
TCK
The above names are down more than 10% for the year and are owned by institutions in excess of 30%. Frankly, the list goes on and on and on. The full list is provided inside The PPT.
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fig damn it
Serious question: if a money manager is red for the year, would there still be incentive for “tax loss selling”? Thx.
of course. Liquidations
short n holdin.
Some of this crap trading at or very near cash, can you screen for that?
What really surprises me is that UK, Brazil, etc are telling the EU to screw themselves over raising that money for the IMF, but the market is not even reacting to it. That Plan of increasing the IMF by contributions by everyone is falling apart and yet the bulls can still keep the spx over 1200.
Mr. Fly,
Market is going down .5% and VIX down 3% what is going on with the market? I am not treading anything today.
Thanks
(laughter) two of my core positions are on that list. Should make for a violent year end.
Aaarrrgh! Several of my positions are there also (added to CLF today) sigh.
I don’t remember the last time this market traded higher!!! Feels like lonnnng ago.
May the heaven give me AA at sub $4.
Thanks Master Fly.
Btw, great work on Twitter last night, that shit was hilarious!
I tell ya, you know we’re in a Costanza world when a Kim Jong Il drops dead and markets don’t like it. I guess it’s a case of the devil you know is better than the one you don’t.
DDIC, just raised their dividend. Now over 5% and with a forward PE under 9. Now that’s good ole fashion value with growth.
Add $GMXR to that list.
Dr. Fly:
I see this is the list from PPT, but why isn’t GMXR on this list ?
hope I can get MTB cheaper..sell it off assholes!