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

To: Mike da bear who wrote (4739)	3/11/1998 10:10:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 18691

This is a great idea. Kodak is one of those rare stocks nowadays which actually goes DOWN with bad news! There are many great reasons to short this stock both for the short and intermediate term: 1) Massive exposure to the Asian crisis (currency and cheaper imports.. 2) Company is still in trouble even after lame restructuring attempts. 3) Company is currently trading at 5x book. 4) Dow is at an all time high, and EK will react very quickly if the Dow turns south. 5) The float can't be manipulated. Unlikely we will see a surprise pop up of 8 points on no news; however, it is not out of the question that the stock can quickly shed 8 on negative news. 6) Digital photography is swamped with competitors. Now assuming they don't start a web site selling little banner ads, I figure this should be a good short!