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

To: Q. who wrote (1891)	10/12/1998 4:02:00 PM
From: Q.	Respond to of 2506

ENER is mostly in the hands of small investors. MarketGuide shows 20% institutional ownership and 17% insider ownership. This and its low RS give it the two essential ingredients it as a tax loss candidate, although there might be other stocks that are better. (I haven't yet done a screen for tax loss selling candidates.) Chart showing the low rs is here: tscn.com The latest issue of the Economist magazine has an article on electric car battery technology. Nothing much is available now with a reasonable energy density and cost, it says, so I suppose that means that ENER will continue to be development stage for quite some time. However, this doesn't mean that the stock is going to go down right away, or anything else right away. I would rather find a more immediate reason for the stock to go down before being short. Considering that liquidity is okay now for 2 more years, it seems tax selling is the only immediate reason I can find.