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To: yard_man who wrote (145362)	1/23/2002 2:38:38 AM
From: sun-tzu	Read Replies (1) \| Respond to of 436258

now you made me look tip... MXT Float 29.2M Shares Short 16.9M Percent of Float 57.8% Institutional: 95% (206% of float) Price/Book (mrq) 1.51 Price/Earnings (ttm) 6.81 Price/Sales (ttm) 2.54 Market Capitalization $1.13B Sales (ttm) $697.0M EBITDA (ttm) $147.8M here's my lowly traders perspective: these companies are experts at hiding debt behind securitized notes. PVN certainly failed and MXT may do the same. however, this is clearly a "crowded" trade as exemplified by recent AMZN action. The difference between MXT and AMZN is that MXT has more room to fall (i'm sure the AMZN fans will froth at me feeling that $9 was a reasonable floor). i would take profits on the short position right here and either 1) reinstitute the short position on a bounce off the september lows or 2) reinstitute the short position on a breach of the september lows. worst case scenario is that you miss out on $1 1/2 worth of profit. on the upside, you are guaranteeing your profit in an extremely oversold environment where the chartists can squeal "successful retest" while giving yourself a pretty decent chance of reentering the short at a higher level. jmo