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

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To: drakes353 who wrote (1239)	6/23/1998 4:37:00 PM
From: CMason	Read Replies (3) of 2506

drakes353-- EQMDE closed at 2 3/4. I still haven't covered, and wondered whether you have any thoughts on how much more downside might be left. Colkitt owns most of the shares, and I doubt he'll be selling; I also assume there never was much institutional ownership. However, I suspect we may see some shareholder class-action lawsuits, and there may be some more liquidation by disgusted longs tomorrow when they see today's plunge in the newspapers (or call their brokers to find out why it wasn't in today's papers). Do you know of any other stocks whose history might predict where we go from here? Thanks, CMason

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