What Are Your Top Picks For the Remainder or 2013?

There are plenty of high beta names that I will be involved in, from now until 12/31. But I’d be hard pressed to find a stock with a better story than POWI. It is my top idea for the remainder of the year.

What’s yours?

As an aside, we are in the final stages of launching The Option Addict’s Premium service. The guy has been killing it. Free trials forthcoming.

If you are wondering where you can find stocks that are unknown, perhaps undervalued, look no further than the ipo market. As an index, they are up more than 30% this year and keep spinning higher. This is speculation at its best and I am game.

Inside the hallowed halls of The PPT, I created a screen that can search out ipos. Here are the outperformers, over the past month:

ADHD (DEVIL PICK AT $7)

AMBI

INSY

RNA

YY

TRLA

PRTA

MKTO

XOOM

ECOM

And here are the underperformers:

LPDX

CMRX

ATOS

RLGY

FWM

HASI

AHH

TMHC

DXM

The one’s that are ripping today are ONTX, IPDN, KBIO, LITB, SCTY, CNAT, LIQD, SALE, STML and YY.

To pick the right one, I suggest starting with volume, believe it or not. Some of these stocks are too illiquid and can serve as a ‘roach motel’ if the market sours. I’d then look for relative strength, keeping my screens focused on tech and healthcare.

I cannot believe my eyes, SPEX is parabolic to the upside, as well as a half dozen small cap biotechs. I’ve purposely avoided this space, due to my handicap in the field of medicine. However and apparently, none of that is needed in order to become a very successful biotech investor. People who’ve delved into this space have gotten rich, very rich.

Nonetheless, the runs will continue, as the Baby Boomers (the worst generation since the dark ages) die on an industrial scale.

There are several that I am eyeballing and have requested the assistance of some people that I know in the medical profession. On the larger cap front, GILD seems to be the preferred stock, especially since their new HVC drug is likely to be approved this year.

If you have any small biotechs worth a look, let me know–as I am new and inexperienced in the space.

CNBC is reporting Bill ‘Montauk” Ackman was down 2.2% in July and up just 4% for the year. In other words, Bill, due to his retarded HLF short position and long JCP holdings, is in the bottom quadrant of professional money managers, as far as performance is concerned. Even still, he has over $11 billion under management.

Being the best doesn’t mean you will be the most successful. In this case, Bill is a terrific salesmen.

Is that IMMR trading up this morning? I believe it is. More than that, the stock is heading higher with conviction, chest hairs and all.

Social media stocks are parabolic, even GSVC is lifting off. Had it not been for Mike Moe running GSVC like his personal piggy bank, I would’ve purchased the stock when I last mentioned it.

Z, P and TRLA looks great too.

Also, please, I beg of you, do not forget about my AMBA. It doesn’t like to be neglected.

My holdings in GPRE are paying off today too. Ethanol for the win. Death to corn.

Right now I have about 20% cash left and feel like investing the whole thing today. Why the hell not? I’m not afraid to test fate and certainly do not believe this is the top.

DEVELOPING…

I’ve been hitting the gym hard, training so that I might dismantle my neighbors with just one punch–should the occasion arise. Since I don’t like to exert too much energy when fighting, I felt it made sense to cut down to 10% body fat, then bulk up, so that I might impose my will around the hood (extra Deebo).

The “lifestyle” as Marc David likes to call it calls for a deficit of 500 calories from my maintenance caloric intake per day–eating clean, focused on low carbs, high proteins. By the way, if any of you fatties want someone who can help you get in shape, Marc is your man. And, no, I am not being compensated for linking to him, so buzz off.

Back to the market.

We are in hard core, porno, Peter North mode, so I am looking for low float stocks, heavily shorted, ranked high by The PPT algos. Here are some ideas.

STXS

ACRX

PSUN

Z

VPRT

HGG (just dropped 6k there)

ZUMZ

BNNY

ALXA

PRLB

My personal buy list consists of IMMR, CRS and ANGI.

Some of these logos are simply unacceptable. The task at hand was to produce a logo better than the present one. I’ve weeded out “the best” of the entries and will show them to you in just a moment. Before I do, just know the contest is still active and I am still accepting entries.

The winner will receive immortality, as well as several hundred ‘bucks,’ to borrow a phrase from the local sanitation workers.

Email them: Flybroker @ gmail.com

This isn’t rocket science. Every day some of you astound me with your impertinent stupidity. I am going to teach you the only lesson you will ever need to learn on Wall Street. Are you ready?

STOCKS AT NEW HIGHS TEND TO CONTINUE TO MAKE NEW HIGHS.

While it’s true, we all like to buy the underdog, in the hopes of catching lightening in a bottle: the 52 week high list is where the real money will be made. There’s a reason why those stocks aren’t at new 52 week highs: they suck.

YELP was at a new high when I bought it and now I am +40% in two days.

Stock prices are fueled by earnings. The earnings are extrapolated, taking the macro environment into account, and a multiple is affixed by investors. We are guided by analysts, who in large part are guided by us. They feed the mob what they like to eat.

When buying a stock at new highs, try to figure out what its earnings might be in a year, maybe two. Take a multiple or FPE that is average for its industry and set your price target. Naturally, this doesn’t apply to swing traders or the vagrant sort of day trader.

Price targets need to be justified, so the unwashed public can buy in. All too often these targets and rationale are ridiculous. Case in point: the dot com bubble. However, the gist of the dot com fervor was correct, was it not?

Look at AMZN, FB, YELP, Z, PCLN, AAPL, TRLA and the countless internet stocks killing it today.

Check your egos at the door when you come to play. This is a sport that requires dedication and focus. Learn from people who do it well and you will save yourself the agony of experiencing trial and error.

If you’re gonna do this, do it right. Read iBankCoin daily.

NOTE: I will be posting the iBankCoin logos that you submitted next week. If you want to create our logo and accomplish immortality, as well as a few hundred bucks, email it to me @ [email protected]. The winner will be decided by popular vote.

I added to my AMBA position. Observe what they do and know they are watching you.

I added to my POWI position on this dip. This is, without a doubt, one of my top picks for 2013.