Rocket Stocks for the Week

Stock quotes in this article: FCX , AAPL , NVDA , STEI , COMS , TITN , DE  

Updated from 8:02 a.m. EST

I think the Madoff news on Friday proves that when it comes to market investing, anyone who offers "iron clad guarantees," as Madoff did to his investors, should be avoided like the plague.

Furthermore, the Madoff news underscores the fact that individual investors can take actionable charge of their own personal investing and wealth by avoiding the scams and other nonsense that some might offer.

One of the best ways to beat back the bear is to place short-term catalyst-driven trades ahead of a company-specific event.

Each week, I try to present these short-term trades in my weekly Rocket Stocks portfolio. This week, includes such stocks as 3Com (COMS Quote) and SandRidge Energy (SD Quote).

To read more, visit Stockpickr.com.

Monday, shares of 3Com closed up at $2.13 per share (up almost 1% for the day). SandRidge Energy closed up Monday as well at $6.28 per share (up over 5% for the day).

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
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 president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. 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.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,452.68 1,109.24 2,185.03 33.23
Oil *
77.73
DOWN
18.90
UP
0.38
UP
9.22
UP
0.48
10 Yr
3.32%
SPDR Gold
119.18
-0.18%
+0.03%
+0.42%
+1.47%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services