Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (3080)	2/17/1998 10:32:00 PM
From: Candle stick	Read Replies (1) of 18691

Hi Roger, read your post about shorting CYMI. Curious about the rights deal. Some are saying there is takeover talk surrounding CYMI. They also just announced a 50 million dollar share buyback. Why would they do a convertible deal? If they needed money they wouldn't be buying back their shares, would they? Were you aware of this? I happen to be long CYMI at the moment from 15 and almost got out today, and will probably bail tomorrow. So don't take this the wrong way. I am not trying to hype it up, just want to know if you still feel the same about shorting it now. I am short AMZN for awhile now and sold alot more at 64 5/8 recently. Where do you see that in the next couple of weeks. Lots of talk about a secondary being announced soon. Any thoughts? Best of luck to you........;^)

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