Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Dr. Seuss who wrote (12446)	8/6/1998 9:31:00 AM
From: JGarly	Read Replies (1) of 18691

INCL Glancing at a 30 day chart for SRCM is a good way to put DowJones rumour stories in perspective. Giving credence to buyout rumours at $45 sent SRCM into orbit last month - again the format was "sources close to....". Personally I think it more likely that the company is trying to get another round of financing done, and using the rumour mill to bolster the price is perceived by management as a means to facilitate this. IMO it makes an attractive short here. If I am wrong and the buyout is for real, any buyout price would be discounted by the market prior to closing, ie if this was to happen at $6 per share, the market price would be discounted to approximately the current market level in any case.

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