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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Alan Lee who wrote (971)	4/1/1998 11:46:00 AM
From: drakes353	Respond to of 2506

Alan: According to an article in the LA Times, it's because he has a sizeable investment in it himself, or at least has some association with a group that's heavily invested. I don't know what Lee's current holdings are (and am too lazy to look at the proxy) but I do know that Lee was a buyer of the discounted converts last year. Nothing like a board member (and now interim Chair) making a guaranteed return at the expense of the other shareholders. If it ever trades above $5 I'll probably short the "Roo" out of it. ;-) FWIW, shorted BOST again last week @ $5.50....shorting chicken outfits has been bery, bery good to me. drakes353 PS to those of you following EA: Filed an 8-K yesterday. They couldn't get a quorum for their Special Shareholders meeting so the vote on the convertibility of the ex-Chair's shares has been postponed unitl April 14th. Stay tuned.....