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

To: Candle stick who wrote (46)8/28/1998 7:24:00 PM
From: Spunky Beaver  Read Replies (1) | Respond to of 220
 
<<At this point it seems to be suicidal to remain short, and I expect some serious buying come Monday morning....>>

You mean to tell me that the smart money decided not to act today but wait until next Monday to act? How convenient. You're funny.
If you buy REXI Monday morning thinking there's going to be a short squeeze and REXI is going back up to the 30's in this market, don't forget to put your broken teeth under the pillow after your wife kicks them out of your head for being totally irresponsible with the family funds. The tooth fairy will bring you something to help you out.



To: Candle stick who wrote (46)8/28/1998 9:44:00 PM
From: Tim J. Flick  Read Replies (1) | Respond to of 220
 
Actually it's better than you stated!
The shares outstanding is approx. 20.2 mill. The shares in the float are 12.7 million. Therefore, if they buy $50 million they reduce the float by 24%... now that's strong. I think they bought back some today and with a better market, REXI is a layup.


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