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Non-Tech : Boston Market (BOSTQ) -- Ignore unavailable to you. Want to Upgrade?

To: IN_GOD_I_TRUST who wrote (1101)	4/3/1998 4:40:00 PM
From: ChrisJP	Read Replies (1) \| Respond to of 1567

Hi guys ! This thread was nearly dead when I first posted here in late Dec., early Jan. You'll be thrilled to know I bought at the close yesterday @ 3 3/4 expecting a "dead cat bounce" today. I watched the stock till 10:30am and when it started heading south, I bailed. I thought about buying back in when it started coming off 3 1/2, but I didn't have the guts. I have a lot of great investing ideas, but my timing needs a lot of work (as do my guts) !!!! IMHO, I think the "buying" you saw was the short covering event of the year ! BOST is one of the most heavily shorted stocks out there (17M shares short reported in mid March I think). So don't get too excited about the rebound, it was probably caused by shorts finally covering after many long months. With the latest 10K I think anyone who is not already long on BOST would have to be the type of person who is willing to take the risks of a speculative investment. I'm not saying BOST won't make it or be bought out, since I truly don't know. I'm just saying to be careful not to mistake todays buying for short covering. Also IMO, interest in BOST will return when there is a report of insider buying or positive news. Regards, Chris