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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis
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To: Q. who wrote (2491)12/22/2000 10:46:38 AM
From: Q.  Read Replies (2) of 2506
 
I covered my tax-loss selling shorts for a 52% gain, vs. 3% for the Russell 2000

       sold    mkt cap   bought    change% instit ownership   12 mo. RS (11/28)
ESAF    25/32     15M     1/2      -36%       0.4%                  17
LDSD    7/8       12M     5/16     -64%        0%                   14
TNCX    1 5/16    27M     19/32    -55%        2%                    9

average change in price:  -52%

change in Russell 2000:  -3%

So my short selections outperformed the RUT by 49%. This is a lot better than my previous two years. I attribute the improved performance to shorting lower-priced stocks (~$1 vs. ~$5) and to luck with timing (a bear market is reaming low-RS tech stocks this month).

period of short sale:
sold 11/28/00
bought 12/21/00
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