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Altucher: His Latest Contest Stock Pick

Hey everyone. Guest blogger James Altucher is back with his latest stock pick for the contest. Here it is with his reasons: Coming up with stocks good enough for the CNBC is brutal. You have to come up with stocks that are: good companies or at least have the perception of being good companies even if they are going through short-term problems, and: potential for 20-30% moves in a short-period of time. I don't care how much you like Warren Buffett, Berkshire Hathaway is not going up 20% anytime soon.

Last Friday I was on CNBC and I compiled a portfolio of contest stocks that I thought would make good moves. Several already have. In particular, JOSB . I liked JOSB because it was irrationally down 14% the week before over a minor negative announcement. The short interest was huge and I knew revenues were up double digits, year over year. So no matter what happened, earnings were not going to be as bad as people thought. In fact, earnings on Tuesday were great and everything worked out.

This week from the above list, I like
SNDK:
- tends to move 12% up or down on avg. on day after earnings.
- 33% off of highs.
- trades for just 10x cash flows.
- YHOO Sansa player can create upside surprise.
- Reporting earnings on 4/26. With YHOO hit badly I think the worst is baked into SNDK.

Symbol
Price
 
Change
%Change
SNDK
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James Altucher is a contributor to Realmoney.com and is a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He also is the author of the recently published book, Trade Like a Hedge Fund. Previously, Altucher was a partner with technology venture capital firm 212 Ventures and was CEO and founder of Vaultus, a wireless and software company. He holds a bachelor's degree from Cornell and was a doctoral candidate at Carnegie Mellon University.

We want to hear from you. Send your comments to millions@cnbc.com. For specific contest comments dealing with issues like technical questions or registration problems, please contact customercare@support.cnbc.com.

Symbol
Price
 
Change
%Change
JC1
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YHOO
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BRK.A
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SNDK
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