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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who started this subject2/23/2001 6:12:15 PM
From: sharesighted   of 18691
 
ARXX;going short;will continue to sink;closing rally was short covering»
Short ARXX now in after-market if you can or Monday morning.
P/E = 59 is way too high for an un-glorified company.
The days of P/E's like this are gone,stock should be reasonable at $6.
Just got hammered and now downgraded,a short squeeze produced the spike.
Sales/Share is just $3.63. Slow down will hurt them.
46M float,just large enough to easily borrow the shares.
Once a stock tanks it never recovers to the half way point (about $20).

Take a look at LSI now at 18.75 with P/E=23 and Sales/Share of $7.37.
And it is a more glorified and power-house company.
See my point,,,,ARXX will sink.
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