Shorting stocks: Broken stocks - Analysis Message Board

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

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To: RumbleFish who wrote (1909)	10/14/1998 4:04:00 AM
From: Q.	Read Replies (2) of 2506

Rumblefish, re. DOCI, sorry to hear you had such a bad experience there. I think the stock is not ideal for shorting based on tax-loss selling, because MarktGuide shows: * The stock is 89% owned by insiders * it has only 1.4 M shares in the float. Looks like they had a monumental loss last year, though. They lost $14.58 per share, which is nearly twice the value of the stock. The table below is really pretty amazing. EARNINGS PER SHARE QUARTERS 1995 1996 1997 1998 SEP 0.060 0.190 0.180 -4.600 DEC 0.180 0.030 0.170 -0.860 MAR 0.200 0.250 0.320 -0.870 JUN 1.420 0.340 0.370 -8.250 TOTAL 1.860 0.810 1.040 -14.58

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