Stocks To Sell Short

This forecast is part of the “Risk-Conscious” package, as one of I Know First’s quantitative investment solutions. We determine our aggressive stock picks by screening our database daily for higher volatility stocks that present more opportunities, but are also riskier. The full Risk-Conscious Package includes a daily forecast for a total of 40 stocks with four main categories:

• top ten aggressive stocks pick that best fit for long position
• top ten aggressive stocks pick that best fit for short position
• top ten conservative stocks pick that best fit for long position
• top ten conservative stocks pick that best fit for short position

Package Name: Risk-Conscious
Forecast Length: 14 days (12/30/2016 – 01/13/2016)
I Know First Average: 21.47%

I Know First’s 7-day forecast short position correctly predicted 10 out of 10 Stocks. DRYS, as the algorithm predicted,  continued to show a bearish signal so that the company’s share value continued decreasing up to a remarkable 40.17% in only 14 days. MCF and KEM were also included in the top 10 short picks of the Top 10 Aggressive Stocks and had strong returns of 35.82% and 35.60%, respectively, over the 7-day period. The average return of 21.47% during the forecasted time horizon easily outperformed the S&P 500 average that it was 9.05% during the same time.

DryShips Inc. provides ocean transportation services for dry bulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. It’s stock fell 11,07% during Friday. The company announced slumps in earnings last quarter, primarily affected by the situation of the oil price.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

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