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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (3060)2/17/1998 10:24:00 AM
From: Lazlo Pierce  Read Replies (1) of 18691
 
Pancho remember SIEB? <<09:26 ET Siebert Financial Corp. (SIEB) 17: Remember SIEB from Friday. Stock rose 6 1/4 pts on announcement of a 4-for-1 stock split. This morning, SIEB shares indicated another 3 1/2 pts higher. If trading this one, remember to watch the spread. On Friday it was as wide as 2 pts.>>
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Today up another 11 to 28. All for a stock that traded between 5 - 10 all year and announced a 4 for 1 split due to SEC regulations. Hmmm, It seems Muriel controls 95% of all stock, so there's no float there, I guess the play was long :-)

Dave
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