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

To: Teddy who wrote (9165)	12/31/1997 6:02:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 9285

>>> i'm working on a list of stocks that were below $1 for they last six months and will post the ones that reverse split in 1998. <<< Please do. While every reverse split does not result in a reversion to the former price or worse, enough do to make it worth screening any company that does for short potential. Nope, not enough reason to short in and of itself, but a good starting point to mine for ideas. Barb

To: Teddy who wrote (9165)	12/31/1997 11:45:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 9285

<< But, again, i was refering to watching for sub $1 stocks that are reverse splitting to avoid being delisted from the Naz. >> You have to take into account that these stocks don't instantly become shortable once they reverse split and climb above $5. They need to stay above $5 for a certain time frame (I think it's 30 days?) and be declared marginable by the Fed. (Someone correct me if I'm wrong). I was just itching to short CAML, one of the BIGGEST scams of all time (probably bigger than ZITL) after it did a reverse split and shot up to $10. I was informed that it wasn't marginable. Think I'll go check a quote on CAML. Wonder what it's trading at these days. Hmmm... 2 11/32 down from sometghing like $10 a few months ago.