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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (2180)	2/3/1998 1:38:00 AM
From: Dale Baker	Respond to of 18691

Just posted this on the old thread by mistake. Not enough coffee yet: IAIC - supposed to zoom yesterday after the Barrons story, the Soros investment and....oh wow....another Emerald investment conference presentation. What happens? NASDAQ zooms and IAIC drops 3/4 on virtually zero volume. Must be those stealth investors we can't see. By March 1, IAIC faces 20% dilution from folks who bought at a private placement discount. I'm short at 16 3/4 and holding. NTKI - anyone see this high flyer drop Monday during the big rally? Resistance going down is at 20, 18 and 15. Anybody like it as a short target now? Something must be wrong for it not to participate in a big Internet high flyer day.

To: Roger A. Babb who wrote (2180)	2/3/1998 3:09:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 18691

Conversion coming: ALK (Alaska Airlines) biz.yahoo.com ALK jumped on an earnings blowout not long ago but hasn't sustained upward momentum. Nasty five-point gap in the chart back to 43. Flush with their new success, they are redeeming $132 million in debt by allowing a conversion to common around $33 per share. The formula above shows that almost 4 million new shares will be created for a stock with 18 million outstanding. Am I missing something here? I was thinking about going long ALK - the gap held me back. Now it looks like a good short for five points since the conversion is supposed to happen by February 18. Let me know what you think.