We are coming down the home stretch now and bonuses are at stake, pal. Your local hedge fund managers would prefer to make $100 mill for the year, instead of a paltry $75 million. We’ve had a great run in equities, but some have missed out. These creatures are simply hiding beneath the stairs, drinking wine until they’re too tired and stupid to figure out the market.
Well, a whole slew of them will be crawling out from the stairs this week, in the hopes of salvaging their careers. To underperform in a +30% SPY year means your career is over and you will most likely join the ranks of Obama’s unemployed.
So, as you can see, there is work to be done.
At this very moment, they are running screens, just like the one I am about to show you now. They need stocks that are trending up, since there isn’t any time for reversals. In addition, bigger funds will demand large cap names and liquidity in the form of average daily volume. These hot shots need to get in as fast as they intend to get out. They might even hold some special meeting to “unveil” said picks, in order to “Ackman” their returns.
Lastly, they want said stocks to be heavily shorted, for two reasons.
1. Additional liquidity will be added to names, as shorts cover.
2. As natural buyers pile into the stock, shorts might panic, cover, and cause the shares to explode to the upside.
Here are the stocks that fit this criteria, courtesy of The PPT.
My favorite is GMCR.If you enjoy the content at iBankCoin, please follow us on Twitter