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

To: Carl Yee who wrote (2262)	4/26/1999 12:23:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 2506

IRID There's no stock to short almost anywhere. The fundamentals and technical analysis poitn in two different ways. Technically it is in the process of forming an inverted H&S bottom. If this fails then you'll have a good shorting op. Fundamentally the company looks about to completely demolish its equity (a lot of this through 200million in depreciation this quarter). This is a known fact so wouldn't that already be built into the price? Though I've only been researching the stock a little time and so could be wrong, even if Iridium had met planned targets it still would be blowing out all its equity pretty soon. Maybe a quarter or so later? The small stockholders only have 13.25% of the total via Iridium World (IRID). Will the other 20 stockholders let it go down? It looks as if they always expected to put up extra capital at some point? David