Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Jay Fisk who wrote (14589)	2/25/1999 6:36:00 PM
From: Jon K.	Read Replies (1) of 122089

Jay, Short 30% more PDX @ 31. This is the first time I short more at lower price than my initial short. This is why PDX will tank next few days... a great insight from PDX thread: 1. PDX run up on acquisition news, but the acquisition is tiny 3 doctors facility.(what a joke) 2. PDX board rescinded the stock split. * More class action law suits... and when the audit results comes out, PDX will really tank bad. ----------------------- Today's rally was triggered by the news of an acquisition (Southwest Washington Perinatal Services) which fueled short covering which drove the stock up even more. The DJ headlines stated that the acquisition reaffirms the company's health. What the headlines didn't mention (and probably didn't know) is that the acquisition is a tiny deal. Southwest Washington Perinatal Services has only three doctors. It's totally trivial and insignificant. It's like a national supermarket chain acquiring a local mom-and-pop convenience store and the stock goes up 25%. Wait till CNBC gets more details of the news and PDX will be slammed once again. One other thing to ponder: why do you think PDX board rescinded the split? Because if PDX drops below $10 post-split, many mutual funds will be forced to exit the issue. It implies the board and company management lack confidence that PDX will be above $20 pre-split when the audit comes out. Message 8035588

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