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To: Kevin who wrote (2018)6/23/1999 4:34:00 PM
From: Mama Bear  Respond to of 2693
 
Kevin, I saw it. That a short squeeze is happening is pretty much plain to see. Rumors of 'better than expected' are pretty much meaningless. Nobody who was self interested in selling shares at an inflated price would start such a rumor, would they?

Barb



To: Kevin who wrote (2018)6/23/1999 5:43:00 PM
From: CMon  Read Replies (2) | Respond to of 2693
 
<<the rise can be attributed to the restructuring efforts, and that they might be better than originally thought.>>

A restructuring isn't a black box or a grab bag. Take a pencil to paper and take a look at what a restructuring looks like here. Any way you slice it, it's ugly for the equity. If you aren't capable of performing such an analysis, what on earth are you doing with a postion of any kind in securities that you KNOW are about to be restructured?



To: Kevin who wrote (2018)6/23/1999 10:13:00 PM
From: Marty Rubin  Read Replies (1) | Respond to of 2693
 
Kevin,
The guy has a "sell" on the stock and it makes him look really fool. He has got to blame someone for the rise. 10-15 minutes before the close, the stock advanced from (bid-ask) 11-7/8-15/16 to 13-13 1/16. Is that a short squeeze or just momentum? I thought the stock would not break 12, and am sure, judging by the selling, many others thought the same. then it touched 12 and every mother's limit order went through.
BTW -- I don't expect much from this guy (Mr. Kidd). Companies with a negative rating on a stock receive very little attention from insiders. As to Lehman, they are market makers in the stock so i wouldn't trust them much (6/22: "re strong-buy" to $30). But, of course, many of those analysts do make a market in their stocks so I basically trust nobody.
There's a good chance it will open higher tomorrow; very strong afterhours.

Marty

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(''The stock had been so shorted in recent weeks that you could not have borrowed shares if you were God,'' said William Kidd, an analyst at C.E. Unterberg Towbin with a ''sell'' rating on the stock. ''Like other short squeezes, when the shares start to move up and so many are betting negative, pain often begets more pain.'' (C)Copyright 1999 Bloomberg L.P. #reply-10243934)