investingfromtheright

I am retired and take educated guesses on all things financial.

July 05, 2007

July 6, 2007: Short stocks? Ideas to mull





I ran a stock screen today and thought I would focus on a narrow band of "shorts" for consideration. I am NOT an advocate of shorting stocks. I much prefer to buy stocks based upon value considerations or a great new idea (the Peter Lynch Story Stock- kind of).

The following stocks have experienced a very recent downgrade which may have not been caught by traders this week. These stocks have formed a significant top formation with distribution characteristics or, stocks that have experienced a significant downward move with momentum still in place for more downward retracement.

Here goes:

ABMD (ABIOMED, Inc.)
ACI (Arch Coal, Inc.)
AGL (Angelica Corporation)
ALNY (Ainylam Pharmaceuticals, Inc.)
ALTU (Altus Corp.)
ANGN (Angelon Corp.)
CLUB (Town Sports International Holdings)
CVO (Cenveo, Inc.)
DRQ (Dri-Quip,Inc.)
ENZ (Enzo Biochem)
EZPW (EZCORP. Inc.)
FRG (Fronteer Development Group, Inc.
GIGM (GigaMedia Limited)
GKK (Gramercy Capital Corp.)
GPX (Graphic Packaging Corp)
GRS (Gammon Gold, Inc.)
IGLD (Internet Gold Golden Lines)
ILE (Isolagen, Inc.)
MAXY (Maxygen, Inc.)
MIR (Mirant Corporation)
MTH (Meritage Homes Corporation)
NMTI (NMT Medical)
NRF (Northstar Realty Finance)
NTY (NBTY, Inc.)
OMRI (Omrix Biopharmaceuticals, Inc.)
OPLK (Oplink Communications, Inc.)
ORCT (Orckit Communications, Ltd.)
OSCI (Oscient Pharmaceuticals Corp.
PHHM (Palm Harbor Homes, Inc.)
ROSE (Rosetta Resources, Inc.)
RVI (Retail Ventures, Inc.)
SMP (Standard Motor Products, Inc.)
STLD (Steel Dynamics, Inc.)
STLY (Stanley Furniture Company)
SWC (Stillwater Mining Company)
SWIM (INVESTools, Inc.)
TWPG (Thomas Weisel Partners Group, Inc.)
VIAC (Viacell, Inc.)
VSE (VeraSun Energy Corporation)
WRES (Warren Resources Inc,)
XING (Qiao Xing Universal Telephone, Inc.)

I enjoyed looking up some red meat for our short friends. Bon appetite.

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