In this journal I would like to discuss, share and construct trade ideas revolving stocks that are likely to
-Go to $0 for a variety of reasons(Assuming this will be a big move)
-Be delisted from main US exchanges
-Have enforcement action taken by the SEC or another regulatory agency that is likely to tank the stock
-File for bankruptcy
Currently 2 stocks that I'm short(through Oct and Sep puts) are FMCN and FSIN. These 2 are chinese frauds that are highly likely to be delisted within 1 year. The question is whether I was correct in constructing my trade through puts and whether I will have the patience to keep rolling over them. So far these stocks are defying gravity. Jim Chanos is short FMCN.
Here are the reports that lead me to put the trades on
Please post ideas that meet the criteria I set, overvalued/momentum stocks do not meet that criteria. FB, AMZN, etc they might be overvalued but are pretty darn unlikely to tank to the extend that stocks I want to focus on are likely to