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Technology Stocks : Andrea Electronics (AND) -- Ignore unavailable to you. Want to Upgrade?


To: Carl Yee who wrote (1300)7/31/1998 2:26:00 PM
From: phbolton  Respond to of 1356
 
FWIW: covered my AND short today at 8.375. Put in the 8.375, before the open, as a lowball estimate and well it got there. Shorted at an average of 24.67 so this turned out just fine. Still think its going lower but its been a good ride. If it hits double digits again I may reshort it. I was always amazed at how folks thought there was any value in this company when the publically available information showed it was vastly overvalued.

On a personal note I hope the shareholders sue the AND insiders for all they have and win. As near as I can tell the insiders have consistently mislead the shareholders and they have consistently enriched themselves at the shareholders expense. It also seems that the insiders had conducted a public relations effort on this and other newsgroups to mislead the public.

Time to find another "sure thing".