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To: All Mtn Ski who wrote (2876)6/19/2001 2:38:28 PM
From: IngotWeTrust  Respond to of 3873
 
Nothing wrong with DCB in theory...I just wouldn't do it on something that is falling off the 50% marginability list...doesn't seem like a very hi-prob play t'me. The safer play would be, if I were a trader like I was several years ago, is to WAIT for the DCB and short the bejeebers out of it against the nearest trendline (resistance) drawn down from the apex closest to the "bounce" and continue to add to the new short all the way up to the 50% bounce level
(which of course you're not going to see for at least...what was it I said ystdy, approx 1.6 years?<g>

Gaaaaaaawwwwlllyyyy, Mr. Market...does 6th month of Year 2001 plus 1.6 years come out about 2004 which just happens to be about the "projected B/E FCF" right<grin>

But that's just my old strategies...yours might make you a buck, but it you did it today and get a quarter, why not hit and run...that's what the presbyoptic 6 are doing<grin>



To: All Mtn Ski who wrote (2876)6/19/2001 3:28:56 PM
From: Raymond Duray  Read Replies (2) | Respond to of 3873
 
Hi Tom,

Nice to see your name on the threads again. :)

You looking at this toxic waste? Why? Like losing money, or are you looking for shares to sell short?

Re: Analysts - They are basically admitting that their research was bullshit. Not that I am surprised, as it is an analyst's job to trick you and take your money. Are they tricking us now?

My take is that they want another bite of the apple. They'll take the patzers shares with this, then engineer a recovery after the end of earnings warnings season (July will look much better to the naive investor than June) and once they get this POS up to $8 or so, let the air out of the balloon once again. I simply don't think Crowe can finance this thing to EBITDA positive. It'll be sold for a song, equity holders will get......nothing. Look for another Promethean/ATHM sort of vulture fund convertible preferred to wipe out the retail investor.

-Ray