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Strategies & Market Trends : Roger's 1998 Short Picks

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To: WBendus who wrote (631)1/13/1998 12:22:00 PM
From: Dale Baker  Read Replies (2) of 18691
 
From Briefing:

10:57 ET N2K Inc. (NTKI) 23 3/4 +2 3/8: What a hype job! Money-manager in Barron's says he expects strong sales growth of $4 mln for the 4th qtr. The next trading session, company says it expects to log even stronger sales of $4.7 mln. The stk jumps 6 1/2 pts over two sessions. But look at the numbers. It's certainly not a major feat to log revenues of more than $4 mln considering that NTKI did $3.57 mln the qtr before. Look closely at the numbers, and they reveal that even $4.7 mln would be a sharp decline in sequential growth, in what should have been the company's strongest qtr of the yr. There's nothing worse than smoke and mirrors stock touting.

These are the same folks who first tipped NANX as a hollow shell. Anyone know when NTKI IPO'ed and when we can short it?
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