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

To: Neil_L who wrote (5769)	3/31/1998 7:39:00 AM
From: Mama Bear	Read Replies (2) \| Respond to of 18691

How can anyone take that WDRY article seriously? The author said >>In fact, no sooner did Asensio & Co. stick its theory up on itsn Web site on Feb. 12 than Coinmach, which had fallen by 33 percent in the previous three weeks to $19.75 per share, firmed up and began to rise all over again. It was as if investors took a look at Manny's upside-down reasoning and concluded, "Hey, maybe this company's not so bad after all."<< Does this guy have a bad set of historical quotes, or is he lying? The high print on WDRY since Asensio's 2/12/98 sell rec was 25 1/4, which was on 2/12/98 just after 9:30 am. The 19 3/4 (actually 19 1/2) occurred 2/17/98, after the rec, and the interim high has been 25 1/8 on 3/2/98. The low print in the 3 weeks previous to the rec was 23 7/8, and that was on the way up to the 30s. I think folks looked and said "Hey maybe this company is that bad after all". FWIW Barb