I have a whole list of stocks that are prime, ready, to rip. The common denominator of all the recent winners simply lies in the fact that they’re down more than 20% over the past 3 months. Indiscriminately, the market is bargain shopping in the trash heap, bidding up stocks that were tossed aside a few weeks ago: classic dead cat bounce.
I am going to give you tonight’s list of potential screamers, but accentuate one single name: XON
While it’s true, I am talking my own book here, having bulked up on the name over the past week. It has all of the rich characteristics of a stock ready to slap the ears off short sellers. More than 70% of the float is locked up by insiders and/or activist shareholders, leaving very little in the float left to trade. With about 20% of the float sold short, this could get very ugly, very quickly, should XON catch some fire. I believe it will, very soon.
Here are the other names on my list:
ALNY
IMPV
ICPT
ECOM
CRCM
MKTO
NOW
WETF
LNKD
RNG
N
SCTY
CNQR (OWN IT)
MBT
FUEL
YY
Reid Hoffman of LNKD is on that 2014 Bilderberg Memership list. Don’t fight them, make money off of them…. http://www.infowars.com/official-bilderberg-2014-membership-list-released/
Jobs will be an important part of a one world government 😉
Fly, why are you expecting a big correction come August? or are you expecting this bull market to end?
“share buybacks…
But some critics say… without actually putting a firm’s capital to use creating jobs and growth…”
“As I’ve written in many stories, including this cover profile of Carl Icahn, the volume of share buybacks in the US has been at record levels in recent years. Indeed, the total volume of buybacks in the first quarter of this year amongst S&P companies was higher than it’s been since the third quarter of 2007, before the subprime crisis…”