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Non-Tech : Bill Wexler's Dog Pound
REFR 1.4700.0%9:52 AM EST

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To: RockyBalboa who wrote (9426)3/13/2003 7:20:10 PM
From: Kevin Podsiadlik  Read Replies (2) of 10293
 
Oh, I know how.

how would you possibly arrive at a valuation of $20 per REFR share.

REFR was at $20. Since then no long shareholders have sold. (Somehow she knows this. Also Saxe's "margin call" doesn't count.) Thus all the selling has been from shorts, and by the uptick rule the price can't drop because of a short sale. Therefore, REFR should still be at $20 QEDSPD.

Have I got that about right, Dixie?
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