Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (23733)	3/26/2001 9:23:20 PM
From: John R Resseger	Read Replies (1) of 25711

Joe Check out today's short squeeze on SKI. Merger with MMH was cancelled. 1.2M shares of SKI shorted with the expectation of covering with MMH stock. They walked it down from around $3 in December. Best Snow season in years. SKI AMERICAN SKIING CO 1,268,412 Million shares are short as of the March report. Can't cover with MMH stock. Notice the drop in MMH stock! Ownership · Insider: 74% Per-Share Data Book Value (mrq*) $4.96 Short Interest As of 8-Feb-2001 Shares Short 1.06M Percent of Float 13.2% Shares Short (Prior Month) 568.0K Short Ratio 17.95 Daily Volume 59.0K Short Interest increased in March Total EBITDA for the first six months of fiscal 2001 was $11.7 million versus a loss of $5.4 million in the comparable period in fiscal 2000 For the 26 weeks vs. 27 weeks ended 1/28/01, revenues rose 36% to $204.4 MMH was down $.20 today. Tis a double wammy for those who bought MMH to cover there SKI short. Snowing in New England right now. It Was 60 degrees last year when SKi earned big money for the April quarter.

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