Stockpickr

Stockpickr: Top 10 Short Squeeze Stocks

 

Another name on the top 10 potential short squeezes list is Greenbrier(GBX), which makes and sells railroad freight car equipment. At the moment, it would take short-sellers 13 days to cover their shares at the current volume. The problem is that on Jan. 9 Greenbrier announced that its fiscal first-quarter earnings fell sharply, due mainly to production difficulties and unexpected income delays. The company also lowered its earnings guidance for the year.

Shares fell from their high of $46.63 and are now at $26. However, over the past month, 10% owner Jeffrey Gendell bought $2 million worth of stock, and several directors also accumulated shares, suggesting that whatever production difficulties the company had should be behind them.

Additionally, energy investment guru T. Boone Pickens owns shares of Greenbrier. The company has also appeared on our list of the most-oversold Russell 3000 stocks. This list is made up of stocks trading at the largest discounts to their moving average. This suggests a possible mean reversion snapback.

Here's the full list of top 10 potential squeezes.

Stockpickr tip of the day: Each day we update several important lists and present them in the Stockpickr format:

  • Analyst Downgrades and Analyst Upgrades. These are usually updated between 9:30 a.m. and 10 a.m. EST, when all of the analyst reports are basically in for the day.
  • The Biggest % Winners and Losers. These lists are updated at 4:15 p.m. each day.
  • Cramer's Lightning Round picks. This list is updated around 8 p.m. each day.

Each Day we update several portfolios in our Today's Lists section.

These lists are published on many sites around the Internet, but it's only on Stockpickr that you can see all of the other funds that are in each position at a glance. For instance, last Friday, Cramer recommended Rite Aid(RAD) in his Lightning Round. Looking at the Lightning Round portfolio on Stockpickr, I saw that hedge fund Hayground Cove owns shares in Right Aid. Clicking on Hayground Cove, I see it is run by former Bear Stearns analyst Jason Ader, who is also very bullish on Denny's(DENN) -- another Cramer pick from "Mad Money." By looking at other Hayground Cove picks, including one he recently became active in, I can attempt to anticipate future "Mad Money" picks.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of Trade Like a Hedge Fund and Trade Like Warren Buffett. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

Interested in more writings from James Altucher? Check out his newsletter, TheStreet.com Internet Review. For more information, click here.

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