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Five Stocks to Short Sell Soon
By: Timothy Sykes   Wednesday, July 02, 2008 2:57 PM

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Lots of people are taking the next few days off—I’ll be right here as low volume days sometimes off the best pumps/ridiculous price surges to take advantage of…HYGS could be a prime example and so it’s my first possible choice for shorting, although it could run a lot more before it’s time to puke:

Hydrogenics Corporation (USA) (HYGS)
This has gone full fledged Supernova/vertical on strooooong volume, a clear t ripple over the past 11 trading sessions, a near-double over the past 4….don’t even think about shorting this one until a.) volume fades b.) it goes negative on the day in the afternoon…odds actually favor buying, even though I’m way too scared to do that—the patient short seller will be rewarded with a 50 cent intraday drop…reserve shares early, every morn, just in case it’s the big drop day

Tengasco, Inc. (TGC)
My $1.70 TIMalert buy now makes me look genius, even if I, along with just about all of you, sold for nice profits too quickly…I’ll be looking to short this one soon too, reserve shares just in case, but don’t be looking to short aggressively anytime soon.

Converted Organics Inc. (COIN)
Up due to CNBC hype, fluffy news and cuz it’s just down soooo much…let this thing spike, can’t wait to short it again, reserve shares early

IndyMac Bancorp, Inc. (IMB)
I would never ever try to bottom fish this thing as it could collapse at any moment…that said, respect Lionmaster’s research skills and he’s loaded up at higher prices so keep an eye on it…def. wouldn’t short either, risk-reward sucks

Rediff.com India Limited (ADR) (REDF)
Warned some people not to short in the morning, was dead right as there was a nice 30 cent spike…missed out on the bigger picture drop later in the day from $7.30 to $6.60…really wanted another day of spiking (increase odds of short squeeze collapsing), ah well, there’ll be plays like this mama says



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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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