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

To: C. K. Humphries who wrote (483)4/23/1998 9:00:00 AM
From: Dale Baker  Respond to of 709
 
John G is the expert. Look at the (1)Shorting Stocks: Broken Stocks thread for an explanation in the header. Basically they are crappy little companies with terrible balance sheets, hyped up products that don't sell and often discount convertible financing eating away shareholder value.

GOTK is a great example. There are many others. Some of the ones I just mentioned may not be broken, but many were trading well under $5 before they rose on hype.

ZITL is another broken stock which is headed for under-$5 land.



To: C. K. Humphries who wrote (483)4/23/1998 10:01:00 AM
From: Q.  Respond to of 709
 
C.K., for a definition of broken stocks, see the intro to thread
Subject 15250

IMO, most shorts fall into either the category of stocks that are going down hard, with lousy fundamentals (broken stocks) or stocks that have shot up hard to ridiculous multiples (high fliers). Hence two separate threads.


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