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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Street Walker who wrote (4803)3/11/1998 9:10:00 PM
From: Ploni   of 18691
 
planning to short RAYS after its run-up tomorrow.

For those who missed it, CNBC reported that RAYS will close 250 stores, and buy back up to 7.5 million shares. (They'll take $103 million charge to cover it.)

Someone on AOL asked if they sell sunglasses on the Internet. I don't know if that was a serious question, or a sick joke, but it reminded me of the EGGS scenario: close all the retail stores, and convert to an internet company. SunglassHut.com, anyone?
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