Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Harpo who wrote (2022)	11/30/1998 7:26:00 AM
From: Q.	Respond to of 2506

all: investor sentiment indicators are now back to the extreme bullish levels of last March and April, when the last small-cap peak took place. This is a favorable indication for shorting small-cap stocks. I keep track of the 4 surveys published in Barrons. I average the % bull figures, and today's average of 58.2% was exceeded only by a couple of % points back in March and in April. Here's a useful chart of the Russel 2000: tscn.com Here's another commentary from another survey, done by Lowrisk.com: Bullish sentiment jumped 11% from already highs levels to end at 63%. Bearish sentiment dropped 7% to 21%, and neutral sentiment dropped 4% to 17%. The bullish reading of 63% is now clearly in the danger zone for the bulls. In the 18 months we have been publishing, readings of greater than 60% have consistently been warning signs of impending consolidations. Previous readings of 63% or higher were on 4/5/98, 3/22/98, 10/5/97, 8/8/97. All four occasion saw significant selling within a couple of days. In addition, the 5 week moving average of bullish sentiment is now at 51%. We consider anything above 50% on this measure as thin ice for the bulls. Please stop by to take part in this weeks survey at: lowrisk.com More sentiment data is at: lowrisk.com

To: Harpo who wrote (2022)	11/30/1998 8:23:00 AM
From: Q.	Read Replies (3) \| Respond to of 2506

re. tax-selling candidate screen: I use telescan's prosearch, which has nice features, but isn't reliable. Today it turned up some false results, so that effort was a bust. One interesting stock I did come across that has low institutional ownership is Turbochef (TRBO). This one is a perennial short-sellers favorite. They try to get restaurants to buy their over-priced ovens, without much success. IPO way back when was by Whale Securities, which brought us PNDA. TRBO's chart is not the best for tax-selling though, as the decline isn't that profound: quote.yahoo.com It also has no liquidity problems. If its worth selling short, it's probably because its market cap of $130 M isn't merited by its sales prospects. TRBO has 55% insider ownership, 5% institutions.