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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (25217)	5/26/2001 10:11:34 AM
From: Jibacoa	Respond to of 29382

KEN: RSTO: As you said it may go to close the up-gap from March 22 at the 3 level. Near term it has some support at the 5.75 to 5.83 level. I am not doing any short selling, trading in options or commodities any more.<g> Thanks for the recommendation and like always, wish you good luck. I will be in Dallas for the next 2 weeks and won't be able to watch "the market" as close as I usually do from home. RAGL and have a good holiday weekend. Bernard

To: Ken W who wrote (25217)	5/26/2001 10:13:21 AM
From: JoeinIowa	Read Replies (1) \| Respond to of 29382

Ken, Raining every day in Iowa so I have time to look at most stocks. RSTO spiked my interest. Looks to me like they are going to let those converted shares out in the next 60 days. Four million more shares are really going to depress the price. Looks like a real good short candidate. Already a third of the float is shorted according to Yahoo. I am amazed at the volume given the industry. 300K shares a day and a float around 3M? Thats very odd. This is from their just released 8K filing: We entered into a Stock Purchase Agreement, dated as of May 17, 2001, with a number of accredited investors pursuant to which the investors paid us an aggregate of approximately $24.5 million in consideration for 4,515,762 shares of our common stock at a price of $5.43 per share. The transaction was priced at the closing market price for our common stock on May 16, 2001 and was led by a group of institutional investors including funds managed by Capital Research and Management Company and Fidelity Management and Research Company on behalf of funds and accounts managed by it. Other institutional investors included Baron Asset Management, Apex Capital, LLC and Buckingham RAF Partners, LP. As part of this private placement transaction, we agreed to use our reasonable best efforts to prepare and file with the Securities and Exchange Commission, by June 1, 2001, a registration statement for the resale of the common stock acquired by these investors pursuant to the Stock Purchase Agreement. We also agreed to use our reasonable best efforts to cause the registration statement to become effective within sixty (60) days after the registration statement is filed with the SEC. Additionally, we agreed to keep the registration statement effective until the sooner to occur of Joe