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

To: Bill Wexler who wrote (50)	8/29/1998 10:08:00 AM
From: Tim J. Flick	Respond to of 220

Bill... Cybg never had any earning! Cybg had a major management problem, this is not the case st REXI. The boys running this company have a stellar track record and Cohen and company have years of experience in this sector. Bill, I am not looking for a fight about who's right and who's wrong here. Afterall, the plunge in this stock is eye opening and usually means that you are on to something. But the times that we are in are not usual, and any negative rumor can send everyone to the door. In my book, management is everything. REXI could not have a better crew at the helm, the stock is extremely oversold and I am playing a trading bounce... the news is still good and my bet is for a nice little trade. After that... only the shadow knows.

To: Bill Wexler who wrote (50)	8/29/1998 11:30:00 AM
From: Rene Madsen	Respond to of 220

In a "normal" market this rumor would have caused a small bump and have been forgotten in 2-3 days time. The major, perhaps only, reason REXI can't get back up is the panic on wall street. Be realistic guys, EVERYTHING is tumbling these days, a lot of Nasdaq issues 10% daily ... the fact that REXI follows the pattern doesn't mean there's anything wrong with this particular company. It is still a major holiday season - wait a week or two until the majority of the traders have returned and let's see if this abysmal plunge won't register as a minor correction.

To: Bill Wexler who wrote (50)	8/30/1998 12:45:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 220

It is not the per share price that I am looking at when I say there is nothing left to gain. Obviously any stock can go to zero. However, given the numerous positive events that have taken place for REXI since its drop from 36 to 13, it would appear to me that the upside holds much more potential, at this point, than the downside.....especially given the 50 million dollar buyback announced late Friday. The float is only 12.7 million shares...assuming a price of 13 1/2 (lets say the company buys stock in a range of 11-15) that would be 3.7 million shares removed from the float, equaling 29% of the float. I think it highly unlikely, given such a scenario, that REXI could ever see single digits. Also, Robbie Stevens and co. has given the stock the thumbs up sign, saying they see NOTHING irregular about the accounting, and no reason the company won't meet or beat earnings estimates. Given the reduction in shares from the buyback, earnings should come in higher than expected.....why on earth would you short this stock at this point? What will make it go down? I have no clue. Care to fill me in?.................;^)