Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: lindend who wrote (9989)	6/14/1998 12:29:00 PM
From: Sir Auric Goldfinger	Read Replies (1) of 18691

LOCK fits in several key categories except one: It is a multi-headed monster that will not die. When looking for a GTO, you will find that the best ones go quietly with no or minimal press releases other than insider selling prints. The problem with LOCK is that too many dodos still think they have something and think it is better to own 1000 shares of a $5 stock than 100 shares of a good $50 stock. It was on its way until CNBC made that fateful announcement: Message 4854522 It is also a favorite of scumbag market makers who love the story because it's so easy to sell to PT Barnum's favorite subjects. RE the stocks that do GTO, the IRS now forces you to realize when either of two things happen: the stock is not quoted anywhere anymore or bankruptcy filing is accepted by the court. We have arguments every year with our accountants about it and win every time with persistence. One of my favorites is Children's Wonderland (CWIC) which has gone very quietly. Capeche? BTW, it is apparent that the "authorities" have begun to investigate LOCK, as several parties are very quickly distancing themselves.

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