Hedgeye CEO Keith McCullough adding AMN Healthcare (AMN) to the short side of Investing Ideas. Below is a brief note.
Another Counter #Quad4 @Hedgeye TREND day it has been with plenty of crowded hedge fund shorts getting squeezed/covered on green (GME is +24%!)...
Coaching Notes:
A) days like today remind you why I sent you 22 straight profitable COVER signals between May 10-22
B) Now we're in a great position to re-load on the short side, but we're in no rush
C) We don't have to rush because we aren't getting killed in 2022
We own #patience as a Core Asset Allocation. We don't need to be in the stinky business of picking other people's "bottoms" either.
On shorting this name in particular:
A) I like shorting our former Longs (AMN)
B) AMN is bouncing to lower-highs within a Bearish @Hedgeye TREND Signal
C) Tom Tobin reiterated the SELL on green on The Call @Hedgeye this week
See Tobin's Healthcare Pro research product for details on the name,
KM