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

To: NotNeiderhoffer who wrote (2249)	8/28/1998 1:59:00 PM
From: Mr. Pink	Read Replies (1) \| Respond to of 18998

REXI makes desperate announcement of 50mm of securities. Foolish public assumes it is stock, however Mr. Pink bets His chips they will be bidding for their bonds which trades around 17%. In any event, even if they do buy stock, it does nothing to create value but only scares away the weak handed shorts. You need only look at St. Jude Medical (STJ trades at 22) whose recent Dutch Tender offer at 36 resulted in a temporary spike in the stock but was unable to buoy the stock or mask significant longer term problems. Mr. Pink shorted more stock into the misplaced enthusiasm above 15 bucks. Fast Eddie "Chef Boyardee" Cohen is trying to add some spice to his stew of accounting irregularities and hype. In the end though, he ingredients have turned rotten and Sexi Rexi will be trading in single digits once again. Mr. Pink