Beat the Street
Top Rocket Stocks for Week of March 17
03/17/08 - 11:16 AM EDT
Also worth keeping an eye on is small-cap biotech company Enzon Pharmaceuticals ENZN. Carl Icahn, who holds a 6.93% stake in the company, has reportedly suggested to management that they "consider possible alternative strategies," which basically means that the activist investor believes Enzon is substantially undervalued. Icahn stated his plans Friday midafternoon, during the height of the Bear Stearns BSC mess. Overlooked by Wall Street, Enzon Pharma has the potential to move much higher in the coming week. And with a third of its float sold short, Enzon has a short ratio of nearly 21. So on any positive news, the stock could really surge. For more detailed analysis and the rest of this week's picks, check out the please click here. As always, to find the snapbacks and potential breakouts on a regular basis, check out these Stockpickr portfolios, which I use in my own research each week:
- Today's Hot List: This daily list is a must-view every midday to see what stocks are making the biggest moves and why.
- Always check the Biggest Percentage Losers, a list of stocks that lost big the day before, because they can snap back hard. When you check this list on Stockpickr, you can see which stocks are owned by the quality hedge funds and mutual funds. Pay attention to those. They will be buying at the lower prices, so you should be also.
- Ditto for the 52-week-low list. You must check the above two lists every day if you hope to find volatile stocks.
- Biotech Short Squeezes: DendreonDNDN and others can often be found in this category.
- Stocks Rising on Unusual Volume: These are potential breakout stocks.
- Stockpickr's System Trades of the Day: These are trades triggering that day in various back tested trading systems we've developed.
- Stocks With Unusual Option Activity: Perhaps someone knows something?
- Latest Activist Situations: These are beaten-down stocks that hedge funds are accumulating shares of and demanding change in. Believe me, these hedge funds piggyback each other. And once they start rocking the boat, things happen quickly. This should be on your must-view list.
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