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


To: Albert Mou who wrote (2296)8/29/1998 12:48:00 PM
From: Cube  Read Replies (1) | Respond to of 18998
 
Albert,

<<Without this exaggerated claim, MRVC may have closed Thursday at $17, and closed Friday at $11. >>

This reminds me of the discussion by former congressman Ben Jones (D) from Georgia on a TV talk show. The discussion was from a Clinton defender who said, "if it wasn't for Ken Starr, the President wouldn't be going through this." To which Ben Jones replied, "Yes, and if a frog had wings, he wouldn't bump his ass when he jumps."

You should be scared to death that the price has fallen into the 6's WITHOUT the uncovering of accounting irregularities. What do you think will happen then? Tip - the price won't go up! This management has lied to the longs of MRVC, and worse they clued the insiders first - then released the info publicly.

One last point, it will be months before the public documentation shows whether or not there was any insider selling the last few weeks. Any guesses??

Cube



To: Albert Mou who wrote (2296)8/29/1998 1:59:00 PM
From: Mama Bear  Read Replies (3) | Respond to of 18998
 
Albert, concerning insider "buying" in MRVC:

All on 5/29/98:

RAVNOY ZEEV Bought (P) 10,000 (i) Common 23.35 $233,500
MARGALIT SHLOMO Bought (P) 10,000 Common 23.31 $233,100
LOTAN NOAM Bought (P) 5,000 (i) Common 23.35 $116,750

That is impressive on it's face. But when considered in conjunction with these transactions,
on 9/18/97, it doesn't look so good:

RAVNOY ZEEV Sold (S) 200,000 Common 35.75 $7,150,000
MARGALIT SHLOMO Sold (S) 200,000 Common 35.75 $7,150,000
LOTAN NOAM Sold (S) 100,000 Common 35.75 $3,575,000

biz.yahoo.com

Those inside 'buyers' have been net sellers, to the tune of millions of dollars.

Barb



To: Albert Mou who wrote (2296)8/29/1998 2:25:00 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 18998
 
Oh really?:"I am sick and tired of listening to the argument of how wrongful of one-time write-off practice."

You'll be a lot sicker when you see any Company that you own that has used this too aggresively get sliced in half over the next few weeks. As so called "in for the long haul" investors are the only ones left holding the bag, they will find out that what is in the bag doens't smell very good.

Cockroach theory appies here: if they've got problems in one place, they've got more problems.