Shorting stocks: Broken stocks - Analysis Message Board

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

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To: Ocote who wrote (2185)	4/30/1999 2:03:00 PM
From: Allen Furlan	Read Replies (2) of 2506

Excuse me for asking some basic questions? I came to this thread thru broad search on tgx. As you might know Mike Burry( also a physician) on the value thread likes this company. Since Mike has medical background and is a conservative investor like myself I decided to examine the company more closely. Your post identifies nine companies which have had a large decline in relative strength. Since all of the companies had a major price break this result is completely expected. However since your start date (4/9) all stocks identified have done reasonably well. Also the historical stocks identified also performed reasonably well after the low RS break was identified. I was confused because the thread subject is shorting stocks. The evidence seems to indicate that broken stocks , ie a severe RS break, may well be candidates for a buy. In fact I have one long position, sero, which is performing very well after a severe break. As for tgx the stock seems fundamentally sound. My question is what conclusions have you reached from your research?

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