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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: Q. who wrote (944)	3/20/1998 4:35:00 PM
From: F. Lynn	Read Replies (2) of 2506

number of shares were reduced b/c: the converts were issued in 1997 under old management, to old management -and others. EA cleaned house last summer, brought in a new CEO and board, and shut down a number of side ventures. the stock went from $1-$2 to current $5-$6, after spiking to $9. new ceo has convinced old management and holders of converts to change the strike price on the bonds, since it was their stupidity that forced it down to $1-$2 and their departure which helped get the stock back up. i'd be careful shorting this one----new management has radically different ideas than old one

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