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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Q. who wrote (768)12/2/1997 8:15:00 AM
From: Dale Baker  Respond to of 2506
 
Looking at ARTT, my inexperienced eye sees a flag and pennant which just broke out to the downside. Not sure about shorting it again given its recent unpredicatbility. The chart suggests it is good for another ride down to the 7's.

Thoughts?



To: Q. who wrote (768)12/6/1997 7:22:00 PM
From: Carl Yee  Read Replies (4) | Respond to of 2506
 
HMSC looks ripe for rentering as a short. Have been out of it for a couple of months after it sank near 8ish. Things don't look any better, still burning cash and no revenues to speak of, a product that has been discredited by the AMA, and a license about to expire.

Can anybody tell me why this things is over 10 again before I short?

BTW, took my profits on SHVA and BBTK. One thing nice about these broken stocks, a low price lets you short a lot of shares and a point or so drop is worth taking.

Carl