Hedge Fund Hot Stock

We’re hearing that hedge funds just can’t gobble up shares of one stock fast enough. Think you know what it is?

According to Anthony Scaramucci Of Skybridge Capital the best hedge fund managers are in the garbage pail looking for what’s oversold.

And what they’re finding is Atlas Pipeline Partners.

Scaramucci says the stock could double in the next 6 months.

As you can see from the chart, "It crashed down to $12.90," he says, "and I think this stock could go back to $30. Right now this stock is very cheap."

What's the thesis?

"It’s a liquid natural play," he tells the desk. "We believe that crude oil is going up and liquid natural gas is going up along with crude as the economy recovers."

Scaramucci also says, "They’re also making some asset sales right now which should de-lever the balance sheet and improve the long term operating performance for the company."

Another words, it's a turnaround story.

What's the bottom line? "The stock is well poised and just way oversold," he concludes.

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Trader disclosure: On March 25th, 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 (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU), (C); Kaminsky Owns (LULU) Puts; Terranova Is Short (GS), (CAL), (UAUA); Terranova Owns (QCOM); Terranova Owns (GLD) April Puts; Terranova Is Short May Crude Oil Futures; Seymour Owns (AAPL), (BAC), (MGM); Gordon Is Short Australian Dollar vs. Yen and U.S. Dollar; Tomasulo Owns (AMZN), (GS), (MSFT), (QCOM), (FCX), (XOM), (CAT), (MCD), (IBM); Tomasulo Is Long Gold Futures; Edwards Owns (UUP)

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Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (GOK)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
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