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Below is a list of today's twenty-five most distressed stocks (according to their Altman Z-Score or Z''-Score, respectively) with a share price of $5 or higher. For details on how this ranking list is compiled, please click here.
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ROIAK - is ROIAK a good short candidate ?
dave- can you give me your thoughts on shorting ROIAK ? seems like it was a mo name that rallied hard after managing to not go under in the downturn ... id guess this is a decent cult name that could be ripe for shorting ... thank you
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It looks like it still has some mo, though the fundamentals look a little ugly, and I think there are macro headwinds for its industry. I'd consider shorting this if its chart starts reflecting that.