CRJ: SMART MONEY PICK (Aug. 30, 2011)
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1. Quantum Corporation ( QTM): Data Storage Devices Industry. Market cap of $435.97M. Price at time of writing (11:30 A.M. EST) at $1.99. Net institutional shares purchased over the current quarter at 21.4M, which is 9.94% of the company's 215.27M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.26). The stock has had a couple of great days, gaining 5.03% over the last week.
2. Claude Resources, Inc. ( CGR): Gold Industry. Market cap of $316.29M. Price at time of writing (11:30 A.M. EST) at $1.95. Net institutional shares purchased over the current quarter at 12.8M, which is 7.85% of the company's 163.14M share float. The stock has gained 66.38% over the last year.
3. Sonus Networks, Inc. ( SONS): Communication Equipment Industry. Market cap of $668.42M. Price at time of writing (11:30 A.M. EST) at $2.40. Net institutional shares purchased over the current quarter at 13.7M, which is 5.84% of the company's 234.74M share float. The stock is a short squeeze candidate, with a short float at 7.69% (equivalent to 6.1 days of average volume). The stock has performed poorly over the last month, losing 19.46%.
4. FelCor Lodging Trust Inc. ( FCH): REIT. Market cap of $320.14M. Price at time of writing (11:30 A.M. EST) at $2.69. Net institutional shares purchased over the current quarter at 6.1M, which is 5.62% of the company's 108.61M share float. The stock is a short squeeze candidate, with a short float at 5.99% (equivalent to 5.62 days of average volume). The stock has performed poorly over the last month, losing 50.1%.
5. Standard Pacific Corp. ( SPF): Residential Construction Industry. Market cap of $493.09M. Price at time of writing (11:30 A.M. EST) at $2.61. Net institutional shares purchased over the current quarter at 4.7M, which is 4.47% of the company's 105.24M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.26). The stock is a short squeeze candidate, with a short float at 11.18% (equivalent to 8.64 days of average volume). The stock has had a couple of great days, gaining 12.16% over the last week.
*Institutional data sourced from Fidelity, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
This article is tagged with: Long & Short Ideas, Quick Picks & Lists
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