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


To: S Shaw who wrote (3759)2/27/1998 11:12:00 PM
From: Roger A. Babb  Respond to of 18691
 
Scott, I read SMTK the same way you did. But the market disagreed and it went up. I shorted more. Looks to me like they are buying earnings through acquisition and then writing off the acquisition cost. A well known trick that only works for a short time. There is a big outstasnding convertible that is now "in the money" so dilution is imminent.



To: S Shaw who wrote (3759)2/27/1998 11:14:00 PM
From: Lazlo Pierce  Respond to of 18691
 
E Scott: Message 3539599

Dave