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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Nathan who wrote (9831)5/30/1998 11:51:00 AM
From: Wallace Rivers  Read Replies (2) of 120523
 
Nathan;
You indeed may be nimble enough to play this game. I assume you must have access to RT info.
Admitting that I'm not usually a trader, I wouldn't consider trading in this issue . The auditors are throwing up a big, bright red flag. That's enough for me to stand clear. There are so many long time questions concerning their accounting practices that 11 is very real.
That being said, if there is some sort of positive news (highly unlikely IMO), there may be some sort of short squeeze which would give you said trading opportunity.
The crazy thing about this is that I like the concept and food, and I believe most people do. And I remember when, as a broker, this stock IPOd and people begged me for shares. Then it opened at some ridiculous level higher than the IPO price and my eyes nearly popped out of my head!
Good luck!
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