Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: 1-DAY-TRADER who wrote (12676)	8/12/1998 11:31:00 PM
From: BelowTheCrowd	Read Replies (1) of 18691

1-Day, I've looked at that one for a while as a long, and I'm likely to give it a bit of time to consolidate then buy in. The big problem appears to be a late release of a couple of their flagship products. As usual, people have stopped buying until the new version comes out, and with the new version delayed, there is no immediate relief in sight. However, they appear to be taking all the right steps to trim costs NOW, and the delay does not appear to be substantial. Certainly not substantial enough to cost them market share. There is probably some potential from a short-term consolidation at this point, but it's probably limited, as the stock has been in significant retreat since the company announced the delayed product some weeks ago. The earnings announcement may turn out to be the LAST piece of bad news, rather than a harbinger of bad news to come. IMO, this one was a good short a few weeks ago. mg

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