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: Mr. Pink who wrote (16345)	2/26/2002 1:48:12 PM
From: BigMoney	Read Replies (2) of 18998

HOTT is a piece of crap, but high institutional ownership and low average volume on this turd has made it easy to squeeze in the past. February same store sales comps come out around March 6. If they are negative like they were in January (which was the first time I've seen them go negative), HOTT could finally take a hit. But then again, these jokers owning HOTT are so oblivious and enamored with HOTT's so-call growth prospects, they may still not sell. APOL is another such turd which deserves to go down, based on valuation, but because of high institutional ownership keeps squeezing. Trades at a P/E of 50+ and P/S of 6.87 (a little higher than CSCO) and it's basically a community college. Investors feel they can keep bidding the stock up, regardless of valuation, as long as the company doesn't disappoint. Same with HOTT, except HOTT may finally get what's coming if Feb SSS comps are negative too.

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