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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Investor-ex! who wrote (5479)3/24/1998 11:19:00 PM
From: Mark Smith  Read Replies (1) of 18691
 
"COMS CEO Eric Benhamou Resigns"

from reuters

24/03/98
20:15:00 EST

"COMS CEO Eric Benhamou Resigns"

"COMS CEO Eric Benhamou resigned this evening after his company released dissappointing earnings. Mr. Benhamou stated that he feels his ability to run the 5 billion dollar corporation is inadequate and would be best served by a change at the top. Mr. Benhamou added that COMS Board has already found a replacement for him in the form of a family of monkeys. "They are better at finance and marketing", said a dejected Mr. Benhamou, "...and they will work for bananas."

The monkeys were not available for comment."

I am new here and don't know much about shorting stocks, but isn't a company run by monkeys a bad sign. From a technical analysis point of view, doesn't it show a negative cross-something on a lower bollinger-banana band.

Short on 3Com

:)
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