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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Tom Murphy who wrote (4403)10/23/1998 2:10:00 AM
From: Prof  Read Replies (3) of 18998
 
UTEK >I have seen a lot of stocks lose 30 to 50% of their market cap in a day for far less<

This ain't over yet. Those numbers cannot be ignored. UTEK has 21m shares outstanding with a 16m share float - whoever/whatever artificially held the price up today cannot do it for long.

I'm short UTEK and will add to that short on any gap up (if there is one) tomorrow. But frankly, I expect this stock to start south right at the open. We'll see it at 12-13 before the end of the month.

JMHO,

Prof
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