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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: rupers who wrote (2806)	6/26/2001 12:30:05 AM
From: Michail Shadkin	Read Replies (1) \| Respond to of 6873

Rupers - Re: CLRN they have a really nice cash position at 5.69/share Burn rate is pretty small, expected to lose -.42 in 2001 Their marketing expenses are very high. Assuming burn rate does not increase, I cant imagine how they can crack 6.00 Insiders own 80% and havent started selling. price to sales is a small 1.47 That said I also dont see a lot of upside from here either. If things went well, they are expected to earn +.10 in 2002 thats a pe of 71 forward. Like you said they have 5 major customers all in Asia, not exactly a hot bed of growth. I do think they can dead cat bounce into the 8s after 9 straight down days. reward/risk is probably 2 to 1. There is some support at 6.75 which is the former low. I agree that they are a value play, but probably not to fall any further rather than go much higher. I hope my opinion helps. Michail