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Strategies & Market Trends : Roger's 1997 Short Picks
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To: vegetarian who wrote (6823)11/11/1997 5:51:00 PM
From: Bonnie Bear  Read Replies (1) of 9285
 
The real risk in shorting brokerages is one of industry consolidation. I held BQR long and it soared when it was announced that it was being acquired by a bank.
I note that it has been dropping below its acquisition price the last couple of days, which tells me Fleet's prospects may be tarnished.
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