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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (1906)	7/27/1998 5:51:00 AM
From: valueminded	Respond to of 18998

Mr. Pink Actually, the market punishes different companies in different ways. If it is an industry darling, the loss is small and made up for quite quickly, if it is not, it can be huge. For example, compare the earnings release of GTW (gateway computers) last week vs DOSE. (acronym = down on stagnant earnings?) GTW missed by every bit as much and the CEO predicted they would make the quarter 4 weeks ago. GTW only lost 10% and that was after a pre-earnings runup of nearly 8%. So, I do not doubt that the street is disgusted with them, I do get confused with how the punishment is reflected. My guess, is that the street is concerned more with the "quality of earnings" ie special games to make it to 12c rather than easily making the 14c predicted. But enough whining (on my part) over spilled milk respectfully c.pedicini

To: Mr. Pink who wrote (1906)	7/27/1998 12:08:00 PM
From: The Philosopher	Read Replies (1) \| Respond to of 18998

What's your take on Adaptec? Are they going to come back, or are they a dead company? (Lots of cash, though.) Are they a buy, are they going lower, or will they languish at this level forever?

To: Mr. Pink who wrote (1906)	7/27/1998 3:02:00 PM
From: Y2k_fan	Respond to of 18998

Pinky, I have to say that you are a genius. Even though I did not quite like your style. But Bill Wexler and your study on TAVA gave me alert. I sold all my TAVAs at 10+ and made a nice profit. I now suspect that TAVA loaned money to make last quarter look profitable. This is very BAD, IMHO. Now I wake up and I am sadly looking the TAVA bubble to burst. I am now shorting SIR/SRCM/YHOO/AVNT/ZONA, all well in the money now. For SRCM and YHOO, I went for naked calls on the premium, should be safe enough. I also shorted DSTM at 20, covered at 15. Have to thank you on this.