Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Don Kelly who wrote (8259)	12/12/1997 6:31:00 PM
From: Bill Wexler	of 9285

Reminds of the time Zitel announced a $5,000,000 buyback of their stock. What a crock! If they actually follow through, I guess that means that $10,000,000 more of their cash will vaporize into worthless toilet paper...making the price go even lower. By the way, one of the surest signs that a company is a scam on the verge of unraveling is when they start playing unusual games with the stock (announcing buybacks that don't make any sense, floating massive convertibles, etc.)

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