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

To: Q. who wrote (2222)	4/19/1999 7:01:00 PM
From: Peter V	Respond to of 2506

Nice post number . . . I'm famous for holding too long, but it almost seems like a slam dunk that OCOM is headed for the crapper. If I had been able to get any OCOMD, I would have held it for the long run, and cover in the ones again. Good luck.

To: Q. who wrote (2222)	4/19/1999 7:06:00 PM
From: RockyBalboa	Respond to of 2506

This is such an interesting situation, where technical and fundamental analysis are the same: there is only fundamental thing at play, and that is the stock price. sure it is interesting, but the stock price is something brokers can set as they like here. My bet is that they do not make it. However, I am also pondering a cover to avoid an ICCSA "bonnie" situation. Remember ICCSA? I shorted in in the mid to high 7s. Eventually, the other day it has been delisted to the OBB. At first, it sold off to $4, as expected. Instead of covering and recycling later, I stayed. What happened? By magic, ICCSA, this house of cards, has been granted an exemption, it began to rise and soon, it got relisted. It briefly hit $18 and still traded at $15 per today. IS.

To: Q. who wrote (2222)	4/20/1999 1:21:00 AM
From: chester lee	Read Replies (1) \| Respond to of 2506

John, One conservative play is to place a stop at a 10% profit on one-half of your position, and a stop at 0% profit for the remainder. If OCOMD heads south, you can reset your stops, or take some profit. If OCOMD runs on positive news releases and PR hype, then you should get out with a slight profit and an opportunity to reshort. The risk, is of course finding available shares to short. My assessment. OCOMD has a slim, close to zero chance of succeeding. They are closer to BK than I am to quitting my day job for a life of fast trades and quick money. Their Market Cap is <4mm. The flaw to my strategy is the thin float and low trading vol. Any spike would quickly take out your stops, given the thin spread on a 16% profit. The secondary financing is OCOMD's last hooray. If they fail, you can cover below $1. You know this and they know this, but they have got a lot more a risk than your short position or mine. I think they will try their darnest to pump the stock above $7. They have to, since their livelihood is at stake. What an interesting situation indeed. They will succeed in the secondary because their dire financial situation will overcome their poor fundamentals. chester