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To: Peter Church who wrote (7812)6/27/1998 2:43:00 AM
From: Andrew  Read Replies (1) | Respond to of 164684
 
I don't have the exact numbers but it looks like the momentum players are in deep
trouble. They are long probably close to 10,000,000 shares purchased closer to
100 and above. That's almost $1B. What can they do about it?

I doubt it. Probably most momentum players were already in on this, since last week. 70-80 level, Small investors and late comers were the one who raised up to this level.

I haven't seen no serious plunge, except for last Thurs ( when they dropped 7 pts). I'm sure that it's coming, but trying to have some ideas when that might be. I think some downgrade ratings from major brokerage firm will do.

Andrew



To: Peter Church who wrote (7812)6/27/1998 3:37:00 PM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
I wonder which regulatory filing they are referring to?

Probably the registration statement for the recently issued notes. The notes were sold in unregistered form, then they filed a registration statement for new notes that the unregistered ones would be exchanged for. Go to FreeEdgar.com and look for a S-4 filing a couple weeks ago.

Bob


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