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

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To: Q. who wrote (1321)6/30/1998 10:46:00 AM
From: John Dally  Read Replies (1) of 2506
 
John et al,

I tried to short ICOM through Schwab this AM. Unfortunately, no shares. Yesterday they filed an 8-K announcing $5 m in discount convertibles. This is after they did $ 5 m on May 8, 1998 and $ 10 m on Feb 9, 1998.

Mkt Cap = $ 145 m; Rev = $ 5.5 m; Op Inc = <$ 5.3 m> for March Q 1998.

I've also tried to short NWCM each of the last 5 days at Schwab, also with no luck.

Anyone able to short these elsewhere?

Thanks, John.
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