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

To: mortwald who wrote (2334)	5/10/1999 5:43:00 PM
From: Vol	Respond to of 2506

Like I said, "if it's not too much trouble". Seems like it is. Didn't know the limitations of Prosearch backtests. With QI it's very easy. I'm still intrigued with your screen and am trying to use it with QI. Unfortunately short interest is not back-testable. I can probably run a current screen, but not backtest it in it's entirety. My goal is to find a fairly consistent shorting strategy that hedges my longs and doesn't add significant risk. I'd be happy even with 10-15% yearly returns, if they were relatively consistent, i.e. had a low standard deviation.

To: mortwald who wrote (2334)	5/16/1999 11:45:00 AM
From: mortwald	Respond to of 2506

I came across CCSI in my short screen. They issued a $5 mill. 14% convert in April,'99 to a Gary Schreiner. The stock sells for $13, and the bond will be convertible in April '00 (that's 2000 for those of you with very old computers) at $5 a share. Even now, he can convert for up to 200,000 shares and sell up to 50,000 a month, getting back over $2.5 mm of his cost back in 4 months. I suspect this might be a good short, but offer a modest proposal: why can't we set up our own consortium and try to get some deals like this from other distressed companies? ....................................mort