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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis
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To: Q. who wrote (1911)10/14/1998 11:50:00 AM
From: Dale Baker  Read Replies (1) of 2506
 
Thanks. You aren't the only who noticed, I guess - MCAR now down 3/4 and well below 5. I will have to take a closer look at where to cover now. I covered ATEN for 1 1/2 points the other day but left some on the table. So far, these low RS broken shorts are working well.

OTOH, I covered recent IPO's ACTU at a loss and IMGK at a small profit. Floats are too small to hold them for long.

John, if you get a chance take a look at DK. High end ladies fashions with a straight-down chart and possibly low cash.
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