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Strategies & Market Trends : Resource America (REXI)
REXI 9.7800.0%Sep 9 5:00 PM EST

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To: Rene Madsen who wrote (17)8/25/1998 1:34:00 PM
From: PaperProphet  Read Replies (1) of 220
 
Last week this stock was at $36, now at $17 1/2. 50% drop, no news, random speculation. It seems unlikely that 13 million shares worth of people know something about the stock that nobody else does. Yesterday CNN said that there was a short-sellers newsletter that erroneously mentioned them as a short sell, other than that they didn't have any information. Everyone seems to be looking at each other wondering what is going on.
At this point it doesn't look like anyone can lose too much by buying some stock and it seems less and less likely that something is going to develop. (Personal opinion.)
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