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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: RockyBalboa who wrote (2382)	6/25/1999 11:00:00 PM
From: Q.	Read Replies (1) of 2506

IS, CHAR looks interesting. * The 10Q shows significant liquidity problems. Negative working capital is a bad thing, filing says they don't have the capital to make it through 1999 without raising more. * the 10k shows negligible share ownership by the CEO. * Companies that have most of their operations in far-away places, like Kazakhstan in this case, fit a profile for possible scams. I assume the news (that the contractor who was drilling their well in Kazakhstan quit) is bad news, although I don't really understand it. Less than 1 M shares out now, so might be hard to borrow?

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