Sylvan Learning Systems (SLVN) Message Board

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Technology Stocks : Sylvan Learning Systems (SLVN)

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To: Mike Farrar who wrote (9)	4/23/1999 5:57:00 AM
From: Chucky	Read Replies (1) of 40

Gee Mike, Why the change of heart? You sounded so positive Tues evening Message 9044228 "Mr. Mike's call for tomorrow is long on SLVN, Sylvan Learning Centers. Rumors of above expected revenues and earnings and talk of some new INTERNET programs, and 7.9 million shorts on a float of around 26 million ought to make for a nice upside move tomorrow and Thursday. Earnings to be released after the bell tomorrow." What gives? Did you miss the boat thinking earnings weren't going to be announced until after the close 4/21? Did you go short because of Mr. Pink and the absence of a run up in the morning after the earnings release. You may be right about it being back in the low 20's soon. A "couple of days," however, seems kind of quick unless we get a major market pullback. I do wonder why you think the stock has no more shorts to squeeze with a little over 3 Mil. shares traded over the last two days? You said there were 7.9 Mil shares short--that's .9 Mil more than I had thought. It looks like Mon. and Tues's 4.5 Mil shares could have added to that number, so when did all the shorts leave? They may be out of "prizes" but when is the bad news supposed to show--abounding accounting issues and poor quality of earnings? Was that $1.3 Mil charge the accounting issue? Was that threat the reason the stock was at the low end of a two year trading range? I think I'm selling half in the low 30's then sitting on the rest. The added income from the medical boards and other recent contracts should be showing up soon. Later Chucky

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