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

To: IA who wrote (1746)	9/4/1998 3:22:00 PM
From: Vol	Read Replies (1) \| Respond to of 2506

Re: mechanical shorting strategies the following post re: screening for good shorts Message 5329199 comments? anyone here use screens to find broken stocks, particularly value line or zacks? vol

To: IA who wrote (1746)	9/4/1998 4:16:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 2506

AFCI Indra, Only if you think this is a broken stock, otherwise it's an exceptional opportunity.....comments welcome! Jeff angelfire.com

To: IA who wrote (1746)	9/7/1998 2:14:00 AM
From: chester lee	Read Replies (1) \| Respond to of 2506

Inder re: AFCI I've never heard of the company, but here is what I've found on a cursory look. The chart broken in a severe way. Something happened in July that drove the stock down from $40 to $20 instantly, and the stock price has been falling since. quote.yahoo.com SI subject search show some speculation of a bottom for AFCI, but no consensus. The chart certainly doesn't show a bottom. techstocks.com I read a few of the messages and come to the conclusion that AFCI has few contracts, and seems to be the recipient of a a few class action lawsuit alledging fraud against shareholders. One last thing to look at would be the fundamentals. They appear to have $3.43 in book and 100mm in cash. Their trailing PE is at 10. the fundamentals look OK to me, but keep in mind they are trailing numbers. biz.yahoo.com FWIW, I don't think the market's down draft is over yet, so if you are short, there is probably a few percentage points to be gained. If you are bottom fishing, don't jump in too soon, and only if you can wait it out. chester