Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Lazlo Pierce who wrote (3092)	2/17/1998 3:40:00 PM
From: Ploni	Read Replies (2) of 18691

Subject: SIEB The stock was at 10 3/4 when they announced a 4 for 1 split, so that they could remain listed on the NASD small-cap market. This would have dumped the price post-split to $2.68/share, which is where companies usually start thinking of doing reverse-splits. I would have thought this company was in serious trouble, but instead it skyrocketed. Strange. The effect is that it'll still be shortable post-split. Obviously, the best short was at the spike today to 28 7/8. Too bad I missed that one. Let's keep an eye on this one. It may be a good short now, but something smells funny.

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