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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis
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To: chester lee who wrote (1965)11/4/1998 2:17:00 AM
From: TheLineMan  Read Replies (1) of 2506
 
The ideal stock should meet all those criteria. But there doesn't seem to be many PNDAs left out there. At least I can't find many PNDAs over $5, tho a few seem to be pushing there way there. I went thru John's list the DT lists and a few other dubious companies to put a short portfolio together for myself.
I also set up a lot of dummy portfolios based on different criteria to see how they run. Some based on DT monthly list, some based on how long they can theoretically stay in business, and others on outright scams. Out of 20 portfolios, all would have lost money today. I really don't think you can lose much money this way, and I hope to make some. At the least I will have some interesting information for 99's tax selling season. Living & learning.
P.S. I don't have any theories of my own yet. So most of this is based on Drakes and John's observations, and a few from my own experiances of the Nov/Dec timeframe. The most simple thing, I found from one of Drakes observations is that you could have made massive profits just by shorting DT stocks blindly when they first make the list. The idea of making a purely mechanical decision appeals to me - no worries - no research - that would be the life!
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