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

To: Peder E. Angvall who wrote (3195)	9/22/1998 12:21:00 PM
From: R.E.B.	Respond to of 18998

I agree on the rating T3/F or T3/M. Unfortunately, it appears to be oversold and to make matters worse the overselling is mainly short. This stock may be a turd, but it scares me because it is so heavily shorted already. As soon as it drops a little, someone starts covering and it bring it back up. If the stock were to ever move up, short covering by "less than patient" shorts may move it up even more. I would risk some options if they had any, which they don't. But I would not sell short at this point because of the high short interest already out there. I would sell SRCM short now. I also agree with the T4/F rating on that one. I'm buying puts on TNSI because I think the runup was based on the AT&T news which was not all that terrific in the first place. I'm watching FP, and I will probably hedge that one with both calls and puts. FP has too much momentum at this point. I'm buying calls on BILL. I'm buying RACE at $1.50 now. I'm buying LEAH at $.81 now. I know you did not ask for all this, but I had some extra time so I tossed in a few of my picks. R.E.B.