14 Potential Short Plays

by: Eddy Elfenbein

Tim Sykes, my favorite short-selling blogger, has 15 names that he calls potential shorts:

Radnet (NASDAQ:RDNT) is also nearly a double off its lows.

China Sunenergy (NASDAQ:CSUN) reported bad earnings (Call Transcript), but was probably priced in considering the stock jumped big, now a double off its lows in just 3 days…I don’t like earnings plays, but I’m watching.

James River Coal Company (JRCC) is also a double off its lows, just a stock that’s gotten wrecked, no other reason, potential short.

Stoneridge (NYSE:SRI) was a great short for a 15% gain, $1,700 profit, detailed post coming, now the stock is dead to me.

Stereotaxis (NASDAQ:STXS) looked like it was gonna roll over yesterday, spiked last few minutes, support everywhere so shorting doesn’t look too good.

Presstek (NASDAQ:PRST) up from $1 to $2 after a death spiral, potential short.

First Marblehead (NYSE:FMD) is waaay up off its lows but its also a finance company, no thanks.

Newcastle Investment (NCT) is another finance place, with solid intraday support everywhere, no thanks, I need spiking action, much more likely to reverse!

Kingsway Financial (NYSE:KFS) is a finance spiker, but only its first up day, watching it.

Tween Brands (TWB) had its first up day, $2 to $3 after being in a year long death spiral, please oh God let there be a further squeeze.

Lincoln National (NYSE:LNC) is a finance company that was trading at $50 just a few weeks ago, no thanks.

Yingli Green Energy (NYSE:YGE) is like CSUN, alternative energy bouncer, almost a double off its lows.

YRC Worldwide (NASDAQ:YRCW) continues to squeeze shorts, I won’t be one of them.

Seaspan Corp. (NYSE:SSW) is up a bit off its lows, but it’s a real company, no thanks.

Most of these are low-priced stocks that are hemorrhaging money. One stock I recognize is Presstek (PRST) which was THE STOCK TO OWN in 1995 and 1996. The stock jumped about 25-fold in two years. At its current price of $2, let's just say it has come down since then.

Disclosure: None

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