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Strategies & Market Trends : Resource America (REXI) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (13)	8/25/1998 12:36:00 PM
From: Rene Madsen	Read Replies (1) \| Respond to of 220

Or Mr. Pink is a short-hyper? There is nothing wrong with this company except for a number of short-sellers who would like to see it go to zero, for then switching to long and start hyping the stock back up. Briefings comment: 09:06 ET Resource America (REXI) 20 3/8: After tumbling another 8 3/4 pts yesterday, REXI shares indicated 2 1/2 pts higher this morning. Everyone from company execs to traders to Wall Street analysts screaming that company's fundamentals unchanged and that sell-off has been orchestrated by short-sellers who have flooded the market with negative rumors. Company press release: PHILADELPHIA--(BUSINESS WIRE)--Aug. 24, 1998--This release is in response to various negative rumors that have been circulating concerning Resource America Inc. (NASDAQ:REXI) (the "company"). The company knows of no negative developments. The company's business, in all of its lines, continues to perform in line with analysts' prior expectations and with prior trends. The company will address these concerns in a conference call at 2:45 p.m. EDT. Please call 1-800/857-5754 five minutes before the call starts. The password is "Cohen." One hour following the call, a recording of the call will be available for 24 hours at 800/756-0941. Resource America Inc. is a specialty-finance company principally engaged in real estate finance and equipment leasing. In real estate finance, the company has developed a commercial mortgage loan acquisition and resolution business that involves the purchase at a discount of commercial real estate loans from a variety of financial institutions and the restructuring and refinancing of those loans. The company's equipment leasing activities are focused on manufacturer and vendor programs -- leasing "small ticket" items of $5,000 to $100,000 in value.