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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (3828)	5/30/1998 5:16:00 PM
From: Lal	Read Replies (1) \| Respond to of 25711

Joe I have read with interest your posts on CAYC, and the thread you started as well as the other CAYC thread to which you have now deferred. I am very interested in the company, though there are few things that remain disturbing despite all that is being said in its defense. This company has seen its share price fall from a high of over $5/share in February (at the time of its acquisition announcement), to as low as $.16 in the last week or so. I find it hard to believe that this was simply a result of a MM short squeeze, as described by Steve on the CAYC thread. The latest news adds nothing to what we already know. Steve insists that this is a case of "assets...trading well below their book value", and he may be right - but I am interested to hear of any other views on CAYC and its affiliates before going into the market on Monday. Thanks Larry (in London)

To: Joe Copia who wrote (3828)	5/30/1998 8:50:00 PM
From: FARRIS	Read Replies (1) \| Respond to of 25711

Well Joe, I do not know Steve -- do not even want to. I know OFW and he is a straight shooter. I know ditchdigger and he is a straight shooter. I know myself and... I know you received the information, more or less, that I wanted you to get -- I hope you verify some of it and steer clear of this bunch... I have never slammed a stock like this before -- except OLEX -- if you look at the history -- I was 100% correct. Good luck and go MIDL...