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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Mama Bear who wrote (10064)6/15/1998 9:32:00 PM
From: Lazlo Pierce   of 18691
 
KRY update from thestreet.com (herb)
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From this column on March 19: "Crystallex International (KRY:AMEX) is probably below the radar screen of most investors, and if Manuel Asensio is right, it's probably a good thing." At the time the stock was 3 1/4. It had been even higher on hype that the company held title to several mineral-rich gold concessions in Venezuela. Asensio, an outspoken short-seller who likes to point to alleged corporate missteps, said it didn't. On Friday the Venezuelan Supreme Court confirmed what Asensio had been saying. The news sent Crystallex' stock, which hit a high of 13 last year, down 63% on Friday to close just under a buck
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