We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Shorts waiting to happen

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Greg Butcher who wrote (840)2/5/1998 12:26:00 AM
From: Tom Kinakin  Read Replies (1) of 852

Here is a great new short for you.

It is my opinion, as a Registered Securities Advisor, that there is no way that Thermo Tech can justify its current share price and the market will recognize that in short order. The larger shareholders and the stockbrokers with substantial positions on their books now know the truth regarding the recent Court Ruling.

These speculators must now realize they have been deceived by Thermo Tech regarding the Court Ruling. Soon enough they will also realize some or most of Thermo Tech's other claims of the new financings, joint ventures, sources of waste supply and capacity of operations leading to profitability may be just as deceiving as the two news releases referred to above.

This stock should sell-off significantly starting in the next day or two. The share price must crash below one dollar soon and I have no doubt that the 50 cent level will be tested in near future. That will give shorters attractive opportunities for profits.

I cannot see the share price holding the current levels so there is very little risk in shorting Thermo Tech at this time. The Court has ruled Thermo Tech breached its contract with Trooper Technologies and it is liable for costs in this action plus damages to be decided when the trial resumes. This is a classic opportunity to profit in a stock's price that has nowhere to go but down.

My next newsletter will go into greater detail about Thermo Tech's problems, the shortcomings of management and the hype from the IR department.

In the meantime, if you have a margin account, short-sell TTRIF until the share price is below $1.00.

Tom Kinakin
Registered Securities Advisor
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext