Shorting stocks: Broken stocks - Analysis Message Board

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

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To: Q. who wrote (1861)	10/7/1998 4:09:00 PM
From: Dale Baker	Read Replies (3) of 2506

This DD was rough and dirty but I found some numbers that looked good - average book value around $1, almost no cash, little or no earnings, short interest less than 10% of the float and floats ranging from 4.7 million to 10 million. In the end I shorted ENER, MCAR and MVIS from your list then added recent IPO's ACTU and IMGK. Also shorted ATEN late in the day; take a look at that one for real debt problems. Unfortunately my shorts only partially offset the long losses on paper. Lots of quality companies getting killed right now.

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