Review of 10 Favorite Stocks For 2012
- Posted by Leigh Drogen
- on December 10th, 2012
It pains me that I don’t have the time to share as many long/short public market ideas on this blog as I once did. To be honest I’m probably not the best person to be listening to when it comes to those ideas these days as my head just isn’t in that game.
But I do find time to review what’s going on at a deeper level once or twice a month. I would be foolish to disconnect myself from that process of staying up to date with what’s working in the market and what’s on its way out. Everyone, regardless of whether you trade or not should be paying attention to trends in the price of public market assets and indices. Private market trends are important as well, maybe even more important these days, but more difficult to follow.
At the end of 2011 I wrote about my 10 Favorite Stocks Going Into 2012, so before I do the same for the coming year, here’s a little review.
- UA +45%, this thing just keeps chugging, it’s still so early for this company which I believe is the next Nike. I wear their underwear, their compressions shorts, cold gear to go running, it’s just all amazing well made durable high quality stuff and people are willing to pay for that. Under Armour is premium brand and that stock is going to trend well for a long time.
- MA +28%, payments, payments, payments, payments. How many times do I have to say it, payments are being driven by all of the innovation in the private market with Square, Dowalla, and all of the other payment startups. Mastercard has to buy a few of these guys, and the stock isn’t anywhere near stopping.
- FIRE +38%, I still love the internet security trend, but this stock has gotten taken down a bit lately. I would stick with it until a break of that $40 level and then call it a day.
- ASGN +72%, I did call to exit the stock after it gapped up huge in mid March, and then called to get back in September 19th before it exploded again, basically at the same price exited in March. This was my play on the job market as businesses in the healthcare sector needed to staff up as demand has exploded but don’t want to hire full time employees. Why not outsource? This company has a lot of room left, big win.
- WAB +28%, steady as she goes, the best name I like in the transport sector, they make railcar technology.
- HSTM +27%, Healthstream was a bigger winner earlier in the year but it’s a long term play that I would stick with here. I like the space they are in and how they’ve executed.
- Short STRA +41%, but I did call to exit the short earlier this month for a profit of 54%. What more can I say, Strayer is an evil fucking company and they got their assess handed to them as I thought they would. Market justice is oh so sweet. If you bough the leaps last year as I proposed you should have closed them earlier this month and had some champaign. Don’t get greedy, it’s hard to root against companies, take the money and run.
- CEVA -50%, wow what a disaster, I got this one completely wrong but did call for a full exit after the may earnings report debacle, but still down -30%, ouch.
- IBM +4%, was better earlier in the year but I’m honestly disappointed in their top line growth, thought it would be much better. IBM is still the only company I would gladly own for the next 10 years without looking at once. One word, Watson.
- LPSN, Flat, but I did call to exit the stock after the bad earnings report in august, so +28%. I think the wave of acquisitions in this industry just petered out and left Live Person in no man’s land.
- NR -18%, I did call for a full exit though after the second big bearish engulfing day post failed long term breakout, you would have exited about flat. Not sure why this one was a dud, it had all the makings of a home run.
So overall we had a great year of picks against a tough market for long/short equity, save for last winter/spring which was gangbusters.
Let’s see if we can do it again next year, post forthcoming.
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see the Disclaimer page for a full disclaimer.
blog comments powered by Disqus
Leigh Drogen is the founder and chief investment officer of Surfview Capital, LLC, a New York based investment management firm employing an intermediate term long/short momentum strategy. More »
- Estimize Raises Series B Led By WorldQuant Ventures
- Will Automation Make Africa The Lost Continent
- My 2015 Stock Picks and Big Trends
- Is Israel In Danger of Being Destroyed?
- Review Of My 2014 Picks and Trends
- The Most Powerful 27 Year Old In Finance?
- You Won’t Believe What This Asshole Said About Yo
- Deltix Publishes Quant Strategy Using Estimize Data Producing 28.5% Cumulative Market Neutral Returns
- Here’s Why Airbnb and Uber Should Completely Ignore Government Regulations
- Beware The False Promises Of Quant Nirvana Behind New Financial Products Like Kensho
- April 2015
- January 2015
- December 2014
- July 2014
- June 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011