Theology aside, the blood keeps spilling.
I went totally short in my non-IRA account several weeks ago, and I'm up over 50% in that account in just the last three weeks.
I just shorted more QWST -- with today's action it dipped below its prior YTD low of 27 7/8 and I was able to sell short on an up tick at 28 1/4. With a PE of 497 and estimated earnings of only 0.35 for next year, QWST has a long way to go before it hits bottom in the current market environment.
By the way, my other recent shorts -- WAVO, DSET and ANLT -- are still dropping on very strong down trends.
Other short candidates I am tracking are PRVL, PEGA, RCNC SNTC, RADAF, NETG and RSTO. Unfortunately, I don't have enough money to go around for all of these stocks, but I thought someone else may be able to benefit from my research over the weekend.
-- Jim |
