TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (2393)	8/17/1998 11:41:00 PM
From: Pullin-GS	Read Replies (2) of 59879

Mark, Still holding my CFON shorts from 5 1/2, 7/16, 3/8. Rode it from 10s to 4s, reshorted mid 5s. Currently trading high 2s...its going to zero IMO. CFON just released Sec S-3 today....CFON gonna dilute even more. I'm sure you know what that implies...gonna box up in preparation for the upcoming hype. Could be a risky play though...would not recommend going long except to protect existing short. CFON has done some stupid things in the past and I would not be surprised if they "overlook" the idea of hyping the stock to get a better price on the new convertibles. Tough call....not for the faint-at-heart.<G> Regards...

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