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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (6301)10/29/1997 11:51:00 PM
From: Lazlo Pierce  Respond to of 9285
 
Roger and all, I enjoy the thread. Haven't seen ONSL mentioned in the last week of posts I've gone thru. Shorted it @ 30 and 33, covered @ 27, and reshorted @ 27 1/4 later covered @ 20. Its back over 25 again (25 5/8). There is no reason this co should be selling for more than 12 right now. Will not have profit for another few years, no barrier for competition etc, plus secondary offering @ 28 1/4 went off last wekk while stock was trading down. Insiders have sold in the secondary, and the lockup period is over. Any thoughts anyone?

Dave



To: Roger A. Babb who wrote (6301)10/30/1997 12:50:00 AM
From: taxikid  Read Replies (1) | Respond to of 9285
 
i would assume that you bach your current shorts with calls-
that would be the only way to keep from sitting on a large loss-
taxi-
$30 jump x 1k shares- $30k-
taxi