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

To: chester lee who wrote (9004)	12/29/1997 6:13:00 PM
From: Brad Davies	Respond to of 9285

Chester, It appears we have similar taste. IAIC is worth a look. They are "transitioning" from a software consultant to a Y2K tool vendor. Surprise, surprise...they haven't sold any "tools" yet. Check out their SEC filings, they are burning cash and capitalizing software development costs. They recently fired their accountants which I consider to be a very good short signal. They have about 1.5 a share in cash which may see them through most of 98, but I think the stock will tank long before that. Check them out, I'd like to hear your opinion. Regards, Ron