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Puts on...

Ok guys and gals, if I were looking for a few stocks to short...what are a few good suggestions?  I'd prefer to keep it cheap. 

In the next 60 days, are we looking at C hitting $2 or $4-$5?  hmmm... Might not be the best stock to mess with. 


--My small cap CRNT is seeing a few volume spikes over the last few days, and has closed higher than it opened for three days in a row.  Earnings are coming up soon...I wonder if the volume spikes represent some larger entitly buying up shares.  The wireless backhaul industry is still growing, even with the bad economy.

(argh.  I wish I still had time to blog like back in the "good old days".) 
Share This! Report

Posted by DannyUpshaw on 01/26/09 at 02:50 PM

Tag It | 1 user tagged it: CRNT

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snowman

Member since: Mar 07

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snowman
Obama says he want to streamline health technology and have everyone computerized or the push for a national ID. Now if that were to fall through or even if not. This stock is a little high MCK. Think they report today so you would have to do it before the close. Next EAT is a good candidate for going to 0.
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JCullen

Member since: Jun 08

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The saying I've adopted is that a company needs to have a lot of debt to make the stock go to zero. The maturity schedule of their debt needs to be outlined in SEC filings, so look for companies with a high debt-to-tangible equity ratio, especially where a significant portion of that debt comes due in the next year or two. Not sure if there's a quick screen, but hopefully that gives you a framework.

As for healthcare, Jim Chanos (who runs the largest dedicated short fund) has said that lots of the medical device and pharma companies are going to have their margins squeezed to help reign in on healthcare costs. It might take longer to develop, but again, something to consider.

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UPod

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I'll throw Abercrombie Fitch out there.  I read this article in the WSJ back in Dec (some more)talking about how they refuse to discount their prices.  I think it will wind up biting them.