Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: TRIIBoy who wrote (10901)	7/13/1999 11:22:00 AM
From: lindend	Read Replies (1) of 18998

A really ugly bear trap. Stock rose from .08 to $4. No sales, no substance. Announced Letter of intent to buy a very small company. Huge market cap and people with "interesting backgrounds" running the company. Looks like a lay up. Shorts jumped in and stock drifted to 2.5. Greedy shorts like myself added to their positions. Stock explodes to nearly 11 on no news. Moral: no such thing as a layup. When dealing with suspect stocks, be VERY careful. Edit: Truthseeker say's he'll have a report on GCDV soon. Unfortunately for me, its too late.

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