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Short sellers are a pretty happy bunch this week. In fact, the Brits just banned short selling for the next three months. Everyone likes to blame shorts for things that go wrong, but shorting is really the free speech of Wall Street.

I don’t do a lot of short selling, but here’s a list of potential shorts from one of my favorite bloggers, Timmy Sykes.

American Dairy (NYSE:ADY)

EPIQ Systems (NASDAQ:EPIQ)

Tanzanian Royalty Exploration (TRE)

Converted Organics (Pending:COIN) and the warrants [COINW]

Valence Technology (VLNC)

A-Power Energy Generation Systems (OTC:APWR)

Just glancing over these stocks, they appear to be truly awful. I’m not exactly holding my breath for Converted Organics to make that big jump to the NYSE. Tim’s strategy is basically to look at crappy penny stocks and get ready to pounce when the charts look good, meaning bad.

Short sellers have one big advantage over the rest of us: When things go wrong, they go really, REALLY wrong. There are far more crappy stocks that plunge 50% in a single day than there are good stocks that double in one day. To be a good short, you need to be very patient. Also, not having a soul helps.

I should try more shorting. I look through gobs of balance sheets everyday and I’m amazed by how much garbage is out there.

Disclosure: None

Source: Short Selling: The Free Speech of Wall Street