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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (604)	7/9/1999 5:29:00 PM
From: Zeev Hed	Respond to of 1438

Bald, as I said before, they will need few of these trips to $.06 $.07 to get their short position laid out, today, I would surprised if they managed to get more than 3 MM shares off on the short side. I expect the stock to drop back, but in slow motion, with interruption every time they put out another news release. Notice that now there is no more Signature deal, the LL does not start kicking in until January, so what is going to give them positive cash flow? The two new deals just announced both talked about "customized" cards, one for a target population of 100,000 or so (of which one would be lucky to get 10%, and thus the profits will be eaten up by the need to customize). However, Suzanne believes that customization is not an issue. Zeev