SI
SI
discoversearch

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: Geigartt who wrote (2038)12/11/1998 5:11:00 AM
From: Q.  Respond to of 2506
 
Geigartt: re. the two midcaps you identified:

CBTSY is 92% owned by 252 institutions.

MSTR is 83% controlled by insiders, 11% by institutions.

So neither has a large ownership by small investors. Tax loss selling probably won't be a bigger factor with these stocks than with any other midcaps.



To: Geigartt who wrote (2038)12/14/1998 11:50:00 AM
From: Q.  Read Replies (1) | Respond to of 2506
 
UQM - an ideal tax loss selling candidate?

Here's one I turned up today: Unique Mobility Inc.

The stock is way down on the year, it is going down now. It is 70% owned by small investors, only 7% by institutions. Market cap $75 M. Stock price 5 1/16. These parameters are ideal for tax loss selling.

The co. is development stage, trying to develop electric motors for electric cars, an endeavor which reminds me of ENER, which is developing batteries for the same application, and which is also a broken stock.

chart, profile, etc: biz.yahoo.com

UQM also has a bad liquidity situation, with $1.5 M cash in Sept., and a cash flow from operations of ($1.4 M) in the last six months. So they seem certain to do a financing deal in the next couple of months.

There is lots of float and almost zero short interest.

There was a significant recent insider sale: a VP/director sold 169 k shares in November at 5 1/4, leaving him 69 k shares remaining.