Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Mike Roberts who wrote (17562)	2/25/1999 7:40:00 PM
From: Tom Hua	Read Replies (2) of 18691

Mike, I missed ICCSA. Today I shorted PDX big time at average cost of $30. The company announced the acquisition of a tiny med group in Tacoma with only three doctors, and the stock jumped 25%. Company is being audited by KPMG and will be restating past earnings. Questionable issues are accounts receivables, expensing of acquisition costs. Oh there're about a dozen class action law suits filed against the company alleging fraud. Company rescinded a 2-for-1 split because the stock price was split on Feb 12 (without doubling the shares)when the restatement news came out . I shorted PDX last week and made 7 pts. Hope for similar performance this time around. <g> Regards, Tom

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