Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (1636)	7/11/1998 7:28:00 PM
From: harryl1	Read Replies (1) of 18998

TAVA was 9 9/16 June 16th, the day after your short recommendation. Today it is 9 9/16. It does look as bogus on paper as other yk2 companies (iaic comes to mind -- check the numbers.) At any rate, is this still a good short? They raised 13MM; additional financing brings their number of shares to 21MM, they got added to the russell 2000 index (!), and they file an "8-k" with the SEC every month or so with some press-release info about new deals or deals to date (one of the most bogus, hype-style things I've ever seen -- any other software company actually file their new order press releases with the SEC???) so the whole things does look like they are burning money pretty fast. Any word on the second quarter? Is it still a short? Would you recommend buying puts (feb99 7.5 or 10's?) if the stock "isn't available for shorting" as my broker sometimes says (DLJ)?

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