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

To: Lazlo Pierce who wrote (3092)	2/17/1998 3:40:00 PM
From: Ploni	Read Replies (2) \| Respond to of 18691

Subject: SIEB The stock was at 10 3/4 when they announced a 4 for 1 split, so that they could remain listed on the NASD small-cap market. This would have dumped the price post-split to $2.68/share, which is where companies usually start thinking of doing reverse-splits. I would have thought this company was in serious trouble, but instead it skyrocketed. Strange. The effect is that it'll still be shortable post-split. Obviously, the best short was at the spike today to 28 7/8. Too bad I missed that one. Let's keep an eye on this one. It may be a good short now, but something smells funny.

To: Lazlo Pierce who wrote (3092)	2/17/1998 3:45:00 PM
From: Ploni	Respond to of 18691

Subject: LOCK First the stock explodes on news, before slumping below 5. Then it sneaks above 5 again, but not many people noticed, and it was slammed by a short-seller: www1.newsalert.com The company responded: www1.newsalert.com The short-seller responded: www1.newsalert.com The company responded that they had a big order: www1.newsalert.com And they actually had a cash deposit for this big order: www1.newsalert.com State Street Securities (which of course has their own vested interest), now has initiated coverage with a 12-24 month target price of $20-40/share. They expect them to earn $1 and $1.50 in FY 1998 and 1999: biz.yahoo.com I think this could once again be a good short, but we have to determine when to enter. I would have said anything above 5, but if State Street can pump it, there's no telling how high it can fly.