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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Gary Walker who wrote (1368)	7/5/1998 3:01:00 AM
From: Michael Bidder	Respond to of 4634

You buy into all this crap? The market is a sewer. Just you wait. What goes up must come down. And when it does it might make the 1987 correction look silly! My 2 cents Michael Bidder

To: Gary Walker who wrote (1368)	7/5/1998 8:25:00 AM
From: dumbmoney	Read Replies (3) \| Respond to of 4634

If people out there are beating this market (S&P 500)by selling short, then I will bow down and kiss your feet. You are a miracle! I have had good success shorting small cap junk stocks. You have to be incredibly picky. There are so many ailing companies out there, it doesn't make sense to settle for a less than perfect short. Here are some of the filtering criteria I use: 1) small market cap (<100M, prefer <50M) 2) no legitimate analyst coverage 3) a solid track record of failure 4) cash crisis, negative cash flow, negative earnings 5) floorless convertible 6) late in filing required SEC filings (esp. 10K) Some examples of great (>50% decline) shorts over the last 6 months (I missed many of these, but caught enough to make money): ESMC HCOM CFON ZITL HAYZ PNDA BASEA EQMD KRY CCSI EA CSNT Some of these stocks run up from time to time on hype, so you get to take more than one whack at them.