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To: tom pope who wrote (16669)10/7/1998 2:29:00 PM
From: DanZ  Read Replies (1) | Respond to of 53068
 
REXI.

I sold my REXI at 9 3/8 for a 5/16 profit. I don't understand what's going on here but a lot of things don't add up. The stock is trading $6 below the buyout offer and the short interest increased substantially this month. It went up from only 172,977 shares in August to 2,405,438 shares in September. With a buyout on the table and a huge run up in short interest, the stock should not be trading at 9. Something is amiss here. Be careful if you trade it. I would go for day trade scalps only and not hold this stock overnight. Ron says he heard on #daytraders that the buyout might be a fraud. I haven't heard of Radcliffe, Mitchell and Weiss, the company that put forth the buyout offer, so I don't know how credible they are. It sounds like a law firm, so they are probably a bunch of crooks LOLOL (just kidding, hope I didn't offend any lawyers out there).

Dan