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

To: Q. who wrote (1709)	8/26/1998 5:01:00 PM
From: jeff lipschutz	Respond to of 2506

dell? where is the short entry point? or just go long?

To: Q. who wrote (1709)	8/26/1998 9:59:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 2506

In the other, thread Rogers Short Picks I submitted one short, which is DCLK. Doubleclick is an "internet" stock but a lousy one. If it was considered an internet stock, like AMZN or YHOO, it would have decoupled from overall market slump. But if you look the (shoulder - top -shoulder like) chart, it just finishes the neckline. Market cap still 600 Mil. Sales rd. 50M, cash < 4M so you have P/S > 10,a P/B rd 9,5. And they are burning money that fast! Though, its heavily shorted, 1M short out of 4M float at 8/7/98. For s safer play, options are available from Thu 27 1998 on PCX. I think, it is ripe. And offers a good premium. Christian