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To: Galirayo who wrote (11084)2/1/1998 12:31:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 17305
 
Yes but you know I don't look at that stuff without a lot of tag team advice from the crew.

I would not have the barest idea what stock to buy or sell without a lot of advice.

Here's one.

RMBS. A short from the mid 80s, probably the pick of the year below 35.

Do you think that's me? Of course not. Would I buy it? Sure.

Do I rely on small penuses for this? No.



To: Galirayo who wrote (11084)2/1/1998 12:38:00 AM
From: Patrick Slevin  Read Replies (2) | Respond to of 17305
 
Here's another....

(Just to waste posts. I trade fututres anyway and don't give a damn about this stuff)

ANAD. Excellant buy slightly below current levels.

I do wish to apologise to AV as he is the maven here. I am only trying to burn posts going forward.

Besides, who would take me seriously? I trade SnPs. SI people don't know what I'm talking about.



To: Galirayo who wrote (11084)2/1/1998 10:04:00 AM
From: Patrick Slevin  Respond to of 17305
 
In the trade they would call that stock a "perpetual option".

But seriously folks. Talk about a stock that fell off a cliff. 9 and 5/8s to below a half a buck?

Noticed a lot of chatter on the Yahoo board on it. This was a RedHot pick I see. In any event, most of the discussion appears to be about calling in certs, a very difficult maneuver to say the least.

In any event, one thing you might have going for you is the likelihood that now that the stock has been pounded to less than 5% of it's former valuation you might expect a rebound of some sort as the shorts start to cover. If the company is worth anything at all these guys don't want to carry a huge short position on their books forever.



To: Galirayo who wrote (11084)2/2/1998 1:46:00 PM
From: Andrew Vance  Read Replies (1) | Respond to of 17305
 
*AV* --I like your train of thought relative to CMYN but I have been doing a great deal of thinking myself, on the subject of the $1 NASDAQ requirements. Unfortunately, I see the evil reverse split rearing its head everywhere (a conspiracy<gg>) that will allow some unscrupulous charcters to legitimize some shaky companies. This is not the case here but I question a 300% spike because the Preferred got pulled.

I am not much into the mineral stuff so my limited research over the weekend left me nonplussed on this stock. With the run up, it would have been sold at the 200% profit point had I been able to catch it prior to the 300% pop. Either way, I would have been out by now.

Andrew