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

To: Troy Shaw who wrote (1249)	6/24/1998 5:50:00 AM
From: Q.	Respond to of 2506

Troy, nice list, and good effort in producing it and organizing the results. re. PTCCD, which just did a 1:10 reverse split ... Chester Lee stumbled across it yesterday and reported it to our SEC Search Club. That's because they filed an S-3, which is what we look at. A multi-year chart of this thing is awful. Look at the following chart, which works better than the Yahoo chart you gave. tscn.com The co. just downsized to 13 people. Stock liquidity is bad, with almost no trading, a $13 M market cap, and the stock has just declined below 5, so shorting the thing may be a bit of a problem. But the co. and the stock look like real dogs. the rest of your stocks are new to me. I took a quick look: re. OFISD, they did a reverse split this month. The stock has fallen a bit since then. The co. is fairly big, $2B revenues, and the financial statements look ok at a first glance. The following logarithmic chart is easier to make sense of, than the linear one you linked to: tscn.com re. AMEDE, they just filed a bunch of k's and Q's, so maybe they will go back into compliance. Anyway the market cap is $12 M, probably too small to short. re. TRXYD, there aren't any SEC filings for this foreign company, so I can't research it. re. LUCKD, which did a 1:6 reverse split in June, the shareholders equity is an $11 M deficit, which isn't very good. But cash and cashflow from operations look okay. I don't know how to value this thing ... the p/e and p/b aren't meaningful, and the PSR is pretty low at 0.24, vs. 0.9 and 0.4 for a healthy casino stock (Harvey's) and an unhealthy one (BETS) that I looked up. Anyway, with a float of $5 M, it will probably be too hard to short.