Cornerstone Imaging (CRNR) Message Board

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Technology Stocks : Cornerstone Imaging (CRNR)

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To: Mark A. Stang who wrote (299)	7/9/1997 9:29:00 PM
From: Paul Haynes	of 430

Back on July 1, I posted that $5 looked like a fallback position for CRNR based on book value which I had at $4.92 per share with no change for the June quarter assuming breakeven is indeed the result. I'm on the fence right now with that post and may get knocked off on Thursday if the trend continues. My feeling is that those selling at this point are selling into the bad news - which I hope has been completely announced. I hope no one is shorting the stock here (I don't think a stock can be borrowed and sold below 4 1/8 with my broker.) By the way, I checked the short interest as of mid-June and I believe it only numbered about 21,000 shares (I think?); those have probably already covered or soon will be covering (IMHO). My guess is that some are liquidating their positions to move into something more promising. I agree with you , Mark, "it's always darkest before the dawn." Maybe after the 16th and with some positive comments from management, CRNR will start to climb.

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