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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: ftth who wrote (647)	4/17/1998 1:29:00 AM
From: HeyRainier	Read Replies (1) \| Respond to of 1720

{ Omega Research: OMGA ] Here's one that looks like it is gaining some steam: exchange2000.com Rainier

To: ftth who wrote (647)	4/17/1998 3:34:00 AM
From: HeyRainier	Respond to of 1720

[ Accounting Tricks ] I have been constantly searching for ways in which management can fudge earnings. What can they do to "manage" their earnings reports? Well, here is a good post that explains some of the tricks managements have up their sleeves. Such tricks reduce the quality of earnings: exchange2000.com Print this and learn it. Regards, Rainier

To: ftth who wrote (647)	4/17/1998 4:13:00 AM
From: HeyRainier	Respond to of 1720

[ Yurie Systems: YURI ] I am preparing to consider YURI as a short sale candidate due to the findings of the company's questionable practices. Given the strength of the stock, it is currently only on watch. It appears that the 36 level can easily be reached. It is at this point at which I would expect the prior price congestion area (October '97 peaks) to keep the price from advancing further. Let the price come around to your way of thinking before initiating a position. Note the sudden rise in Short Interest for YURI as of the past few months: Mo. ShrsShort AvgVol Ratio* ------------------------------- 03/98 2,910,813 377,810 7.70 02/98 3,199,898 544,274 5.88 01/98 2,155,282 306,836 7.02 12/97 2,356,869 593,513 3.97 11/97 404,187 479,759 0.84 10/97 283,837 280,639 1.01 09/97 315,752 214,157 1.47 08/97 526,475 478,489 1.10 07/97 383,273 147,246 2.60 06/97 298,501 266,360 1.12 05/97 241,507 71,565 3.37 04/97 304,659 65,871 4.63 Also, I will need to brush up on Kathryn Staley's The Art of Short Selling, as it is by far the most instructive book on this subject. I will share the relevant topics with the thread. For now... Let's look at Julian Robertson, the legendary hedge fund manager of the Tiger Funds: "...Robertson feels valuation bets on price alone make bad short sales: There must be either a fundamental change in the outlook for the company or a major misconception by the stock-buying public..." For now, we wait for the catalyst that will cause the stock to fall. Regards, Rainier