Michael Bowman
TrimTabs FloatShrink ETF
TTFS-N
TOP PICK
Aug 14, 2013
This is based on a belief that if we take stock out of the system that we have the same number of buyers chasing less stock, which will drive those prices higher. This ETF holds companies that have bought back their own stock in the last 120 days. They have to have good cash flows and good balance sheets.
(Top Pick Aug 13’13, Up 15.29%)This is nothing, but supply and demand. It buys companies that buy back their own stock. The same money should be chasing less stock. It is a great concept.
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This is based on a belief that if we take stock out of the system that we have the same number of buyers chasing less stock, which will drive those prices higher. This ETF holds companies that have bought back their own stock in the last 120 days. They have to have good cash flows and good balance sheets.