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Strategies & Market Trends : Value Investing

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To: Graham Osborn who wrote (58592)	12/3/2016 8:14:53 PM
From: MCsweet	Read Replies (1) of 78751

FIT is trading at 52-week lows and has huge short interest with a highly challenging business model. None of those (especially the first two) bode well for the stock. 52-week-low stocks underperform the market, and stocks with huge short interest do as well. That being said, there are positive earnings, decent cash, and tax loss selling that could lead to a good reversal trade into January. This is because stocks trading at 52-week lows (i.e., loser value stocks) tend to get crushed at year end but tend to shine in the New Year. I think we should monitor FIT closely for a speculative buy into the new year. If anyone has any other value dogs that are worth looking into the new year, please let me know. I have spare cash looking for beat-up smallcap value stocks, which seem few and far between given the Trump rally. MC

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