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There’s Something You Should Know About March 9th

On March 9th it will be one year since those much talked about 2009 lows. But don’t be fooled. That day is just as relevant this year as it was last.

Especially if you’re bullish.

There’s a great deal of chatter on the Street that suggests we could see a lot of profit taking on or near the bull market’s one year anniversary.

Why?

Taxable gains matter to people,” explains Gary Kaminksy. Investors may be holding stocks now to qualify for long-term taxable gains, which are taxed at a much lower rate, than those held for the short-term.

(To be considered a “long term” capital gain, an asset must be held for more than one year, in other words, for at least a year and a day.)

After March 9th they may qualify - and, as a result, look at the winners they picked up at or near the bottom and decide to sell, says Kaminksy.

So which stocks outperformed from the March lows and could sell-off short term? The Fast Money traders suggest:
Ford
Textron
XTO
Walter Energy

The idea here is that investors will say to themselves, "what are names I was smart enough to buy. And where should I trim," Kaminksy says.

Conversely, the underperformers could see inflows, suggests Kaminsky. What stocks could benefit from this trend?

They include:
Exxon
Nasdaq
Sunoco
Tesoro

It's an eclectic list, admits Kaminsky. It's not a macro call.


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Trader disclosure: On March 4th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (INTC), (BTU), (MSFT), (GS), (NUE), (C), (AGU); Seymour Owns (AAPL), (BAC), (EEM), (F), (CX); Finerman's Firm And Finerman Own (RIG); Finerman's Firm Owns (XBI); Najarian Owns (BAC) Call Spread; Najarian Owns (F) Calls; Najarian Owns (PCX); Najarian Owns (PFE); Najarian Owns (TEX) Calls; Najarian Owns (TIVO) Call Spread; Karabell Owns (MTW), (JPM); Edwards Owns (GLD) For Clients; Edwards Owns (SPY) For Clients; Edwards Owns (QQQQ) For Clients; Edwards Owns (GS) For Clients; Edwards Owns (JPM) For Clients; Edwards Owns (WMT) For Clients; Edwards Owns (BKE) For Clients; Jon Najarian Owns (BAC), Is Short (BAC) Calls; Jon Najarian Owns (C), Is Short (C) Calls; Jon Najarian Owns (GS), Is Short (GS) Calls; Jon Najarian Owns (JPM), Is Short (JPM) Calls; Jon Najarian Owns (MS), Is Short (MS) Calls; Jon Najarian Owns (TJX), Is Short (TJX) Calls; Jon Najarian Owns (WFC), Is Short (WFC) Calls; Jon Najarian Owns (WMT), Is Short (WMT) Calls; Jon Najarian Owns (AKS) Call Spreads; Jon Najarian Owns (AMSC) Call Spreads; Jon Najarian Owns (CMC) Call Spreads; Jon Najarian Owns (ESRX) Call Spreads; Jon Najarian Owns (FST) Call Spreads; Jon Najarian Owns (JOYG) Call Spreads; Jon Najarian Owns (QCOM) Call Spreads; Jon Najarian Owns (TSL) Call Spreads; Jon Najarian Owns (RMBS)

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