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Technology Stocks : The Panda Project (PNDA) -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (833)	2/6/1998 2:10:00 PM
From: Rubber Man	Read Replies (2) \| Respond to of 1521

They have to report earnings/loss etc by the end of this month- coincidentally the $2 million loan will run out at the same time- you don't think they know that? I'm sure another form of short-term financing is in the works (unless of course it is the CEO dumping shares at the 4's right now) that'll keep PNDA alive for a few months yet. This is why I'm hoping to take some profits now and short it when it becomes marginable yet again. Lots of buying at around 4 11/16- someone ones to keep it up or are the shorts covering?

To: Dale Baker who wrote (833)	2/6/1998 3:23:00 PM
From: Rubber Man	Respond to of 1521

Did this thing is rolled up and died? Bid dropped to 4 3/8, ask is staying put at around 4 5/8.. Should stay around here for a bit, possibly touching down to 4. I'm not sure we'll see 3's till the end of the month though.

To: Dale Baker who wrote (833)	2/6/1998 4:35:00 PM
From: Mama Bear	Respond to of 1521

>>>This should be the first time I short a company down to near or total bankruptcy.<<< Yes, I made the mistake of covering Solv Ex at 4 1/8 in June just because it traded 20% less one day than the closing price the day before. After bankruptcy and banishment to pink sheet hell it traded as low as 0.50. For some reason SOLVQ has made it back to 2 at today's close. Some say the shorts are being forced to buy to cover. It may not be the wisest thing to hold out for 1 or 2 cents. If I wanted to play the fluctuations I would "box" my position, selling the long side when I wanted to be short again. I'm only able to sit and watch PNDA from the sidelines because my broker can't get shares for me. Barb