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

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To: Michail Shadkin who started this subject7/15/2001 3:52:10 PM
From: tensforme   of 6873
 
FNSR: A short candidate

$2.71B market cap (huh?)
P/S 13.55 Oink oink
Negative earnings:
10/00 (-.15)
1/01 (-.14)
4/01 (-.25)
7/01 ??? Estimate -.01 (huh?)

This company lost $117 million 12 mos ending 4/30 and life isn't getting any easier

Cash $146 million
Insider sales activity moderate with 2 major sales in last 6 months (3 million shares)

Short interest up significantly from prior month. (112%)
Now at 3.96%
6,982,676 short

IMO this is an accident waiting to happen. The fiber optic space hasn't bottomed...FNSR is one of the weaker links and should be below $10 by October 1.

Resistance around $20
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