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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (5811)10/14/1997 9:27:00 AM
From: R. Bond   of 9285
 
Roger,

Here's an ILNK update. Yestersday's WSJ list of cumulative Form 144 filings for Sept. was headed by Medcross Inc. (MDCR). We'll forgive them their mistake because we know they meant I-Link (ILNK).

No. of filers: 45
No. of Shares Indicated: 1,424,488

A look at the chart reveals a pop from around 4 to 10 1/2 last month in a two week period! Yesterday's close was 8 3/4 Ask. The volume has continued to be healthier since the leveling off from the recent pop, forming a rectangle between 8 and 9.

Hmmmm. I will be watching the volume carefully. Any thoughts?

A few more stats from Yahoo:

Price to Sales: (ttm): 10.1
Price to Book( mrq): 6.15
Net Income (ttm): -31.7m
Profit Margin (ttm): -864%
Shares Outstanding: 11.6m
Float: 5.00m
Return on Assets (ttm): -181.14%
Return on Equity (ttm): -693.69%

All the best,
Bond
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