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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: stevenallen who wrote (275)5/5/2001 9:31:00 PM
From: Michail Shadkin   of 6873
 
Steveallen - my thoughts on RSTN

a recent IPO from mid february
2 billion cap is pretty large for company losing money ($2/cash and small loses)
They expect profitability in mid 2002
16.6% short interest - pretty high for being public almost 3 months. Lots of shorts being run over.

I dont really follow this company at all.
That said, I would leave this one alone for a few months.
I just dont like shorting IPOs making new highs,
short interest too high.
Also, bulls might be looking at IPOs that were priced reasonable during feb and march bloodbath and try to run them.

I would come back and look at this one in 10 weeks just prior to its Lockup. Could be a nice play then.

Please remind me if you dont mind.

Re: ONIS and VIGN I will offer my thoughts tomorrow (Wife taking me to the movies now)

Also, next weekend I will do a nice FOMC play profile.
Make sure to read.
This one has been a major ATM machine for me.

Many Happy Returns
Michail
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