Shorting stocks: Broken stocks - Analysis Message Board

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

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To: Geigartt who wrote (2038)	12/14/1998 11:50:00 AM
From: Q.	Read Replies (1) of 2506

UQM - an ideal tax loss selling candidate? Here's one I turned up today: Unique Mobility Inc. The stock is way down on the year, it is going down now. It is 70% owned by small investors, only 7% by institutions. Market cap $75 M. Stock price 5 1/16. These parameters are ideal for tax loss selling. The co. is development stage, trying to develop electric motors for electric cars, an endeavor which reminds me of ENER, which is developing batteries for the same application, and which is also a broken stock. chart, profile, etc: biz.yahoo.com UQM also has a bad liquidity situation, with $1.5 M cash in Sept., and a cash flow from operations of ($1.4 M) in the last six months. So they seem certain to do a financing deal in the next couple of months. There is lots of float and almost zero short interest. There was a significant recent insider sale: a VP/director sold 169 k shares in November at 5 1/4, leaving him 69 k shares remaining.

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