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

To: Mama Bear who wrote (9524)	6/1/1998 11:01:00 PM
From: Pancho Villa	Respond to of 18691

VTA: this puppy looks like a short to me: Those Looking To Trade Shrs Of Vesta Put On Hold NEW YORK (Dow Jones)--Investors looking to buy or sell shares of Vesta Insurance Group Inc. (VTA) on Monday will have to wait at least another day. That's because the stock never opened for trading. After two negative news announcements released before the New York Stock Exchange's opening bell, trading was delayed for the dissemination of news. And the news wasn't good: The company had uncovered accounting irregularities that will cut into earnings reported in its two most recent quarters and said its president and chief executive had resigned. Traders waited, and waited, and waited... The New York Stock Exchange specialist that handles trading in Vesta was obviously having a hard time matching buyers and sellers. Finally, about 90 minutes before the market closed, Wall Street got its first clue as to where the stock might open: It was indicated to open from 40 to 45, a hefty decline from Friday's close of 52 11/16. More waiting. More indications, all of which were lower. Eight indications after the first one, just before the market closed, it appeared the stock might start trading from around 29 1/2 to 31 1/2. But it never opened. While such delays do occur, they are unusual. What may have held up trading was the fact the company continues to investigate the irregularities. And investors may want to see if all of the bad news is out before they start trading the securities. A Vesta spokeswoman said more details will be released as the investigation continues. The company is looking into whether the irregularities will affect other quarters. -By Tara Siegel; 201-938-5176

To: Mama Bear who wrote (9524)	6/2/1998 6:44:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 18691

<< I landed on an infomercial while channel surfing this evening. The infomercial was Jim Rogers selling a method to get rich in the stock market. To his credit, it looked a little more worthwhile than Wade Cook. >> You've got to be kidding. That doesn't sound like the Jim Rogers I know. Are you talking about the bow-tied guest host on CNBC Fridays? About 50 years old with a goofy smile? I can't for the life of me see Jim Rogers (the guy who made many millions with Soros in the 70's) doing an infomercial. It must have been another guy named Jim Rogers.