Almost the time of Year when every self described guru will
be giving us their best stock picks for 2013. We will be flooded with so many picks that it will feel like every stock in the market will have been picked to have a great 2013.
I also have noticed that just like Christmas decorations go up earlier every year so too have stock picks for the upcoming year. Even during the 2008 recession the self described stock picking gurus did not relent in providing us their stock picks.
What I have done in the past is keep tabs of stocks getting picked and put them down on a list. Everytime a different guru picks the same stock I place a check next to the stock.
The stock that has the most checks by Dec. 31 is called the biggest hyped stock for the upcoming year and after gaining prior to the upcoming year and maybe a couple days after the new year starts, it starts fading theose same gains quickly. I have noticed that shorting those same stocks at the end of the first week of Jan. could have been very profitable for a short-term trade.
The stock pick hype of the upcoming year almost upon us.