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

To: Dale Baker who wrote (1862)	10/8/1998 5:09:00 AM
From: Q.	Respond to of 2506

Thanks Dale. I forgot to mention one criterion used in my screen: cash per share was set to be low as possible. This usually results in a ratio of cash/price < 10%. This is intended help in removing value stocks.

To: Dale Baker who wrote (1862)	10/8/1998 11:45:00 AM
From: Q.	Read Replies (3) \| Respond to of 2506

Dale, 15 of the 25 stocks on yesterday's low RS/neg cash flow screen list are already down by more than 10% from Tuesday's close, as of right now. The Russell 2000 is down 7% over the same period. So it looks like they are continuing to out-fall small caps as a whole in the present market. I looked at some of the stocks you picked from the list: ATEN is the operator of cable tv in Poland. I had researched them months ago and forgotten about them. I think I wasn't able to borrow shares then ... same thing today. Terrible cash flow, and who wants something in a developing market now? ENER is developing electric car batterties. Bad cash/cashflow situation, late in filing 10k due to lack of data for audit according to recent NT-10k. MCAR was OTC:BB until recently and by all rights that's where it belongs. It's operations are tiny: if I got this right, it operates one medical clinic (I think in Alberta) which is an itty bitty business considering the $35 M market cap. There is a recent SB-2 with lots of shares for sale. The stock was a shell until recently -- I noticed there was a 1200:1 reverse split a couple of years ago. I shorted this today.