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To: Michael Collings who wrote (9994)4/14/1998 4:04:00 AM
From: craig crawford  Read Replies (1) | Respond to of 27307
 
<< Well give me a list of those junky ones! I'm sitting with a ton of cash right now and might as well use it to go short. >>

At the risk of being vilified for off-topic posts I will give you some obvious candidates.

1) FIBR - (although it's not above 5 currently so you probably can't short right now).
2) ZITL - I don't think much explanation is needed here.
3) PNDA - Haven't done any serious research on this one but from early glances it looks like a dog. Looks like high short interest is propping this one up like ZITL. I got this one from some savvy shorts over on the Rogers Short Picks thread.
4) OCCF - A hype story that is being propped up by high short interest/small float.

These are just a few and there are plenty of other dogs out there like COMS and BAY, but they aren't total junk. There are plenty of overvalued companies out there but the four I listed above have weak business prospects and are overvalued at the same time. Those four companies have weak or fradulent management in my opinion.

I have a whole list of companies I could give you but they will probably never climb above 5 to become easily shortable again. SYQT is an example of one.

A good rule of thumb is to look for low priced companies (~~10 works) that have a lot of inexperienced investors following them. They thread and the company need to complain that it's all the shorts fault and they are driving the price down. Of course all the MM's are manipulating the price as well. Shorts are vilified and the thread is predominately controlled by longs talking about how cheap the company is. When all the longs start to talk about calling in their certificates to squeeze the shorts you know you struck gold.

Find me stocks like those. They will bleed to death whether the Dow goes to 20,000 or 2,000.