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Strategies & Market Trends : Resource America (REXI)

REXI 9.780

0.0%

Sep 9 5:00 PM EST

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To: Spunky Beaver who wrote (47)	8/28/1998 7:36:00 PM
From: Candle stick	Read Replies (1) of 220

30's? Don't be crazy...17-18-19 EASY...noone was around today, Friday in August in the afternoon....offices are 3/4 empty....buying back 25% of the shares outstanding on a stock that has declined from 36 to 13 certainly LIMITS the downside and creates MUCH potential upside...if you were short on the way down, GREAT! Why remain short here when there is almost NOTHING left to gain? Robbie Stevens has put out a report saying there is NOTHING wrong with the accounting, and they expect REXI to "meet or beat" expectations...management "vehemently" denies anything irregular, and everytime the stock looks weak, there will be a large bid from the company to support the stock....earnings will come in even higher, due to the stock removed from circulation by this buyback....don't be foolish, the downside is finished............;^)

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