If you’re like me, burdened with lots of cash into a frantic rally, you are looking for stocks that haven’t moved yet.
To search, I am looking for names and sectors down more than 10% over the past month that are up 2%+ today.
116 stocks appeared on this screen.
Here are my favorites, based upon stocks with the largest short positions.
NOTHING.
After looking at the list, all I see are broken boat stocks, which I happen to own, and gold. Mixed in are some horrific earnings shortfalls and Chinese burrito stocks. The truth of the matter is, buying laggards is a sure fire way to underperform the markets. It’s better to buy what is in style, based on price and liquidity trends.
So what’s working, you ask?
Everything but boat and gold stocks.
Now you ask, what stocks might move to 52 weeks highs?
That’s a question I can answer.
Here is my short list.
CTRP
EXP
CREE
BWLD
TOL
MTH
BZH
FBHS
VAL
BX
There are others, naturally. I have a bias towards housing, so any homebuilder or material play is in my wheelhouse.
If you are too busy to figure out this puzzle, just buy AAPL, for it has bottomed and everyone loves it again.
If you enjoy the content at iBankCoin, please follow us on Twitter
You look at the GW Pharma IPO : GWPH?
No more GTAT love?
Not yet.
holding GTAT..good news from MOT..
Hi Fly,
What do you think of YELP?
I’m long from 25….would you sell?
Thanks!
I would not sell.
Best internet company in the world.
Thanks Fly! I bought it long ago after reading your assessment. Unfortunately, I didn’t sell when you did, but now I’m back up.
Glad I still had this in my IRA.
$FCX $EEM $SINA $SLV $DBA $MTL $VALE $MCP $GDXJ $POT $MOS $SOHU $CTRP .
Some basket of these, balanced against short IWM as a hedge
I can’t condone ownership in those material stocks.
Commodities blow.
whoa. there’s a portfolio thats gonna teach you why people look at gross directional exposure. sit tight
FLY, thoughts on GTAT? You only sold 1/2 recently I thought
I sold the entire position. First I sold half, then the other half the next day.
The report was good, but a big backlog. I might buy again in low 3’s.
shoulda cashed at 3.96 the other day!! fuck!!
I’M GOING 100% CASH !
is the most stupid thing the tabbed bloggers announce over and over and over again
WHO SAID THAT?
REPORT HIM AT ONCE.
Misuer Fly why you like short BX?
just because of the run ? looks as if its moving off that 50 day
I say it goes higher before it goes lower sir. People are chasing the PE names
That is a “short” list of long recs, not short sales.
Sorry for the confusion.
BX rocks
Ah ha that’s what i get for reading fast.
I myself em a fan of CG and KKR as well as BX
Nice list. Tough to buy most of those though unless one doesn’t mind chasing.
I like RH here
Love it, but too thin
FB has some upside with solid earnings. i mean it should fit great in our current market, where things that shouldnt go up skyrocket.
It’s a bull market you know lol but it is crazy bull market ..