The worst portfolio on www.stockpickr.com

One of the worst investment or speculative ideas is to buy a stock because it has heavy short interest. Moronic. It makes sense to go long a stock with heavy short interest only when a.the stock price is moving against the short position b.the fundamentals are set to improve c.insiders are buying the stock d.earnings estimates are rising. Without several of these catalysts, this is a losing battle.

There is a portfolio that is receiving many views on www.stockpickr.com entitled "Short Squeezes. Right now only one of the ten ideas is in a short squeeze, Cons Tomoka Land (CTO). The others are dogs or just starting to head lower. Years ago Charles Ellis wrote a great article entitled "The Loser's Game". The article discussed how poorly most managers were at picking stocks on the long side. A worthy read of anyone who buys stocks.