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


To: Q. who wrote (1021)5/7/1998 5:25:00 AM
From: Anaxagoras  Read Replies (1) | Respond to of 2506
 
<<anybody else watching EA?>>

It's just slowly grinding down.
There's one peculiar thing about it I 've seen on two occasions, most recently yesterday (or possibly the day before, can't remember): for at least a 1/2 hour or so the quote on the stock was something like 2 3/4 x 5 with the last trade standing at 4. The only thing I could make of it was a guess that maybe the market makers didn't have much of an inventory in this one and the trading that's been going on has been mostly between investors. ??????

Anaxagoras



To: Q. who wrote (1021)5/7/1998 5:29:00 AM
From: dumbmoney  Read Replies (1) | Respond to of 2506
 
Yes, EA was a wonderful short. I covered at 4 1/4 (no fundamental reason, just wanted to lock in a profit).

There are two more deals in the wings, but I'm not sure when they might be registered.

Funny thing is, this company is going to have to do *another* deal fairly soon, since they have little cash and have exhausted their credit line.

It's convertibles as far as the eye can see. ;)