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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Peter V who wrote (239)1/6/1998 2:59:00 PM
From: Druss  Read Replies (1) of 18691
 
Peter V--I agree with Dan Ross that questionable business practices is an excellent starting point for a short on AVNT. The 'technobabble' of their of their press releases is sometimes transparent. I picked up one and posted it on the AVNT thread where the company was trumpeting a court 'victory' in their ongoing legal stuff. The 'victory' was a stay had been granted them, which simply means nothing had changed they had been given a bit more time.
That sort of thing along with the nameless buyers in their announced contracts has given me a sceptical eye for their press releases. That said the company is dangerous to my mind for moving the stock price with their various releases.
All the Best
Druss
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