Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (2183)	8/29/1998 11:28:00 AM
From: Pete Mason	Read Replies (1) of 4634

re: shorting ALTIF I'm happily short ALTIF, and shorting more, but I don't understand Friday's movement, or what ALTIF has done. Why the big drop? I read the press release, but I don't know when it came out; was it responsible for the bizarre rise back to 5, or did it precipitate the drop? In any case, it looked weird: lots of volume (relatively) on the drop, but little piddly trades moved it back up the whopping 66% from 3 to 5. I love the $11M market-cap-per-employee this company has, but wasn't the presence of this convertible one of the weak points of the company financially? Now they've removed that liability; isn't the company (slightly) stronger now? Thanks for the help, -- Pete

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