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

To: Stan Walker who wrote (8088)	5/1/1998 2:30:00 PM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 18691

I'd be interested in anyone's opinion on MMGR as a possible short. The company went public 16 months ago when the Pres. merged his small business with 4 other small companies. Back then the Net Worth of the company was under $5 million. Now the market cap is over $600 million. In the last 12 months the # of shares outstanding has increased 20% and the float has risen about 50% due in part to recent insider selling 1 million shares or about 10% of the existing float and affiliate selling. Please look for other shorts. From a Technical point of view, this is not a good stock to short. (The 50day EMA and 200day EMA are both trending higher and the stock is NOT extended!) --Olu E.