Mad Money Wall Street Contrarian Plays
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Date updated:04-05-2007
In Jim's book "Mad Money", he states that a strategy he likes to pursue is to do the opposite of what the Wall Street analysts are doing, specifically if a stock is moving in the opposite direction of the analysts. For instance, if all the analysts have a "Sell" rating on a stock, but the stock is up 50% off of its lows, then it’s a good time to buy. How come? As Jim says in the book, "[the analysts] are bad at admitting mistakes." Once they are proven wrong, "[they will] hide their shame for getting it wrong." And this is how he games the moment when analysts start upgrading.
Here are 10 stocks that fit this criteria:
At least 10% of Analysts have a Sell rating
Stock is more than 50% off its 52 week low
Stock sells for less than 12x cash flow
-
RSH
Radioshack Corp - $19.11
- +1.65%
- $18.60
No Analysis added
-
ENR
Energizer Hldgs I - $57.46
- -0.36%
- $57.24
No Analysis added
-
NAV
Navistar Intl Cp - $33.42
- -3.24%
- $34.43
No Analysis added
-
CECO
Career Education - $24.85
- -1.00%
- $24.88
No Analysis added
-
AMKR
Amkor Technology - $5.74
- -2.05%
- $5.79
No Analysis added
-
UFS
Domtar Corp New - $52.00
- -1.35%
- $51.76
No Analysis added
-
SFL
Ship Finc Intl - $12.54
- -0.24%
- $12.46
No Analysis added
-
FCN
Fti Consulting In - $45.76
- -2.33%
- $46.38
No Analysis added
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fine tune your disciplines
Q.
If Goldman Sachs is stupid, what...
11.21.09 | 17:17 PM Asked by
Clementplace
A. Here's another one:
http://seekingalpha.com/article/173986-s
hipping-three-high-risk-high-reward-opti
ons
Also, DSX, for instance moved up after
hours.
It might depend on your timeframe. The
related indexes appear to be trending
up. (this is not a recommendation).
Q.
Steel....playing catch up now. ...
03.24.09 | 11:34 AM Asked by
dgbkr
A. The only one I own : SLX,
too hard pick a winner out all of them
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watch cat if interested in terex.
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how do i bookmark this?