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Biotech / Medical : AHTC Corp (AHTC)-formerly Advanced Health (ADVH) -- Ignore unavailable to you. Want to Upgrade?


To: tdl4138 who wrote (238)6/30/1998 6:27:00 PM
From: Mr. Aloha  Respond to of 371
 
We'll see what we get tomorrow.

Here's a chart on Centennial (CTN) that turned out to be a fraud. The company sold cards for laptops. The company overstated revenue and the CEO was full of crap etc..

209.31.31.88

The stock was nailed and then took off as the short covered. The stock was halted shortly after as their were major imbalances.

I'm not saying this type of movement will occur, I don't think it will but it can be used as a reference for what happens when an enormous amount of stock is short.

Good luck everyone.

Aloha



To: tdl4138 who wrote (238)6/30/1998 8:10:00 PM
From: David Lake  Read Replies (1) | Respond to of 371
 
I was seriously disappointed by the news today (which others obviously knew earlier), especially because I thought I'd done reasonable homework and selected a somewhat contrarian security that had potential for serious growth, but with an incredibly reasonable current PE.

We have been treated shabbily. The fact that the key officials were "unavailable for comment" today says it all. Not only do they have a huge loss, but they decide to also write-off and write-down $8,000,000. The worst part though is that we were given no hint of trouble.

I'm still trying to figure out what lesson to take from this experience. I've bought and sold and operated businesses, and things don't always go as planned. But one always has some notice of bad things happening. Why weren't we included in that notice?