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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Pancho Villa who wrote (8919)12/26/1997 11:37:00 PM
From: Druss  Read Replies (4) of 9285
 
Pancho--Some good pickups on WDRY.
Stuff I have to confess I should have picked up myself. I started checking it and got into the financials and realized I was out of my normal area of research with the tax situations of this company. I could tell there was something fishy going on but decided to ask someone with a better grasp of this sort of company financials. I should have continued with my normal research, I understand insider selling real well. This is beginning to look like some pumping and dumping. The reccomendation was a strong buy, that looked very odd to me for an unprofitable company with such a fierce debt. Thanks for the work and the unintended reminder to check all aspects of my DD.
All the Best
Druss
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