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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Ajay Nandanwar who wrote (29)	8/11/1998 11:18:00 PM
From: CatLady	Respond to of 19428

VTA traded at $64 earlier this year, now at $14. Is it too late to short, or is this one terminal? I see you posted the same question on many threads, I'll be looking to see if you get any answers. I stick to technology stocks myself, where I can understand more of the business issues involved. Perhaps you should post your question on one of the threads in the 'overvalued' section, that's where more of the shorters hang out. Maybe Auric's thread would get more attention if it was in that section too.

To: Ajay Nandanwar who wrote (29)	8/16/1998 2:17:00 PM
From: Sir Auric Goldfinger	Respond to of 19428

Ajay, you were right: 8/16/98 WSJ Online: Vesta Insurance Group Expects Second-Quarter Loss of $14 Million Dow Jones Newswires BIRMINGHAM, Ala. -- Vesta Insurance Group Inc. said Friday it expects to report a second-quarter net loss of about $14 million. An internal investigation completed in June identified improper accounting entries that caused earnings to be overstated. The property and casualty insurance company blames the expected loss on a high level of catastrophe losses in the second quarter ended June 30 and to costs related to its $238 million acquisition last year of Shelby Insurance Cos. The Birmingham, Ala., company said it will also restate its financial results for the year-ago second quarter due to an accounting error and will release the results next week. It filed with the Securities and Exchange Commission for a five-day extension to submit its Form 10-Q for reporting second-quarter earnings. The company also hired a financial advisor to suggest ways to boost shareholder value. For the year-ago second quarter, the company reported net income of $15.5 million, or 81 cents a share, on revenue of $140.8 million. Also, the company said its banks agreed to amend certain provisions in its loan agreements and waive any defaults so that it will continue to comply with its loan agreements. In June, the company launched a probe of accounting irregularities and its chief executive officer, Robert Y. Huffman, resigned. At the time, the company said it would restate earnings for 1993 through this year's first quarter, lowering net income for the entire span by a total of $72.4 million. An investigation by the New York law firm of Shereff, Friedman, Hoffman & Goodman LLP recognized the improper accounting entries that caused earnings to be overstated, most of which occurred in late 1997 and early 1998. The company also adopted more conservative accounting procedures. Shares of Vesta rose $2.125, or 16%, to close at $15.625 on the New York Stock Exchange.

To: Ajay Nandanwar who wrote (29)	8/21/1998 8:42:00 PM
From: Ajay Nandanwar	Respond to of 19428

A new short idea: LUBRIZOL CORP (LZ). I believe this makes a great short candidate, today dropped 7/8. I am targeting 10-15% downword move from here. Declining revenues, combined with market jitters will push the stock down. The stock is in downword breakout.... creating new 52 week lows every day. Charts also indicate downword drift... all earlier supports have been cleared. It's currently trading very close to the low created before Jan 96. Any opinions!! can some TA guru give me more insight. -Ajay