SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tradermike_1999 who wrote (3563)7/10/2001 12:56:44 AM
From: Michail Shadkin  Read Replies (4) of 6873
 
TraderMike - Re: BSML

I am short 1/2 position, which is about 3% of the portfolio.
So far, I am under water by 34%.
I have been very reluctant to add so far to my position.
Major reason:
18-Jun-01 REED, JOHN
Director, Chief Executive Officer 22,831
BSML Purchased at $10.95/Share.
Cost of $249,999.

Fundamentally they are very poor in my eyes.
Giant debt/equity ratio of 1.92
pretty small cash position, despite some new financing.
26.7% short interest (you know as well as I do what this means - shorts might be early, but this kind of number usually is not wrong in the long run)

Mike thank you, I very much appreciate your warning.
I have thought about covering several times, but the fundamental story has stopped me every time for now.

Anyway, good luck to you and your long position.
May the best man win, so far you are making me look silly. LOL

Michail
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext