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


To: tensforme who wrote (4839)7/27/2001 1:34:59 AM
From: patron_anejo_por_favor  Respond to of 6873
 
re: REFR

Looks like they purport to sell filters for windows to block certain frequencies....BFD! 69K in revenue in 3 months? Market cap over 300 MILLION? THIRTEEN employees? About the best thing you can say is they have no debt...which makes sense because they have NO BUSINESS!

Their CEO and CFO combined get 1.5 million a year in salary. EBITDA is -4.5 million, and they had about 10 million in cash (per Yahoo). So, maybe another 1 1/2 years of cash burn at this rate. 14% of the float is short (amazing its not more).

These guys are apparently their "distributors":

finance.yahoo.com

The Asensio & co. report on 'em is a must-read:

biz.yahoo.com

Asensio's got a live one here, I think!

Disclosure: No position (hopefully that will change in the morning!<G>)



To: tensforme who wrote (4839)7/27/2001 8:21:11 AM
From: xaver17  Respond to of 6873
 
Re. REFR - classic scam

I shorted REFR before Asensio came out with his report, and added after that as Asensio will be a help for shorts.

REFR of course has revolutionary product that nobody wants. The story now is mass production going to start, everybody is waiting and betting on that.

So all you can do is short REFR and wait patiently for the truth to unfold.

Xaver



To: tensforme who wrote (4839)7/27/2001 12:55:18 PM
From: patron_anejo_por_favor  Respond to of 6873
 
Couldn't borrow REFR shares to short on Fido...good luck with it, fundamentally its as crappy as they come.