Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (5278)	12/22/1998 10:30:00 PM
From: RockyBalboa	Read Replies (2) of 18998

MP, sometimes the one with the hardest stomach throws in the towel..., I did, when I noticed the uproar in the market (PVN, ENVY, PRBZ..) earlier. But there is one, IMAL which definitely does not deserve its valuation. Based on the registration of 10 Mil shares and the gross overvaluation, tightly conencted with some PR blitz I recommend a short sale almost at any price if better than $20. Internuts should not be shorted but as BFLY, this can't be treated as being one. IMAL should trade at 12 the next time and in the single digits by Jan '99. What BFLY did, should be possible for IMAL, too. A tidbit on finance co's. I think there is some value in beaten down ones, as even the prices on IO's improved significantly over the last 2 months significantly means by 30%-50%. Combined with a "weak" Treasury Future, thus no longer eating into the cash but returning some variation margin should improve the situation further. As ever, thank you for FP, MALL and FHT. HAve a nice holiday. C.

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