One way to potentially make money is to short, so where do you start? We spoke with Eric Jackson, founder of Ironfire Capital, who provided a list of names he loves to short.
Watch the video to see what he said.
EAR TO THE WALL: RIMM
From conflicts to foreign governments to confusion over price cuts of its new Torch smartphone, the headlines haven't helped shares of Research In Motion . The BlackBerry maker's stock is down by 12% this month.
Consumers, not businesses, now make up two-thirds of RIMM's subscribers, said CNBC's Jon Fortt. The company has struggled to generate excitement amongst their base, he said. The Torch, for example, sold 150,000 units over the first few days of its release. Apple's iPhone, however, moved 1.7 million units in the first three days, including pre-orders.
Joe Terranova, chief market strategist at Vitrus Investment Partners, said he would buy RIMM at $45-55 a share on the basis that it might be acquired. Asked if Microsoft might want to purchase RIMM, Fortt said that would be the "worst buy in the world." RIMM has a $30 billion market cap, so why would MSFT pay that amount to acquire a company that performs the same services it already has.
Fortt thinks Nokia , however, is an interesting guess on who might takeover RIMM. He said the two companies have roughly the same market cap and strong personalities at the helm, so he'd wonder who's in control. Nokia is great at phone services and RIMM offers top e-mail services, so the companies could use each other, he said.