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

To: Yamakita who wrote (2033)	12/8/1998 10:07:00 AM
From: Q.	Read Replies (1) \| Respond to of 2506

Yamakita, my shorts that turned up on this list are MCAR and, like you, TERA. HEB of course is an Asensio short. TSCN (Telescan) is ironic, since I used Telescan's service to produce the list. GUMM has always interested me but the few times I tried I never found any shares to borrow. Among the others there are lots that I'm not familiar with. It would be interesting to compare RMII to other internet service providers. I would like to know more about CTT, which has very high multiples, and very low revenues. That's not because it's a startup, though: the company has been public since 1975. The price has bounced up a lot this week , so it actually wouldn't have made the list if Telescan's data were updated daily rather than weekly: tscn.com This price rise has occured on rapidly growing volume, which short term isn't a good indication for a short, but might be an indication of a bubble coming up. I paste their marketguide report below: Competitive Technologies SYMBOL: CTT EXCHANGE: AMEX PRICING DATA (AS OF) 12/04/98 RATIOS & STATISTICS Price 6.38 Price/Revenue (TTM) 14.46* 52 Week High 11.38 P/E (TTM) NM* 52 Week Low 2.81 Price/Book (MRQ) 8.74 Beta 0.05 Price/Cash Flow (TTM) -37.50 Avg Daily Vol (10 Day) 0.03 Mil ROA (TTM) -18.07%* Avg Daily Vol (3 Month) 0.04 Mil ROE (TTM) -26.65%* Current Ratio (MRQ) 2.14 DIVIDEND INFORMATION Total Debt/Equity (MRQ) 0.00 Indicated Annual ($) 0.00 Yield 0.00% NOTE: TTM = trailing twelve months MRQ = most recent quarter SHARE RELATED INFORMATION SHORT INTEREST INFORMATION Market Cap. ($) 38.129 Mil Current Month 0.050 Mil Shares Out. 5.981 Mil Previous Month 0.053 Mil Float 4.100 Mil Short Interest Ratio 0.7 Day INSTITUTIONAL & INSIDER OWNERSHIP PURCHASES SALES NET PURCH %OWNED Institutions (3 Months) 0.023 Mil 0.005 Mil 0.018 Mil 8.5% Insiders (6 Months) 0.003 Mil 0.000 Mil 0.003 Mil 31.5% BUSINESS SUMMARY Competitive Technologies is engaged in providing technology management services to universities, federal agencies, and corporations to maximize returns on client's investments in technology. For the 9 months ended 4/30/98, total revenues increased 1% to $1.8M. Net loss decreased 24% to $889K. Revenues reflect increased retained royalties due to new licenses & sublicenses, and option fees. Lower loss also reflects lower cost of sales & interest expenses. PRELIMINARY: For the 3 months ended 07/31/98, revenues were 765; after tax earnings were -346. (expressed in Thousands) REVENUES (Thousands of U.S. Dollars) QUARTERS 1995 1996 1997 1998 OCT 222 319 502 396 JAN 335 389 759 991 APR 495 730 569 460 JUL 651 842 646 765 TOTAL 1,703 2,280 2,476 2,612* EARNINGS PER SHARE OCT -0.030 -0.030 -0.080 -0.100 JAN -0.040 -0.020 -0.050 0.010 APR -0.040 -0.040 -0.070 -0.060 JUL 0.000 -0.010 -0.070 -0.060* TOTAL -0.110 -0.100 -0.270 -0.210*