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

To: anyer who wrote (4210)	10/15/1998 10:33:00 PM
From: RockyBalboa	Read Replies (3) \| Respond to of 18998

Short ideas: In finding new shorts, I went on MF Daily Double fact-finding. fnews.yahoo.com The amazing thing is, that except for the 3 doubles mentioned from Oct 5-Oct 12, which was a very weak trading week, more or less all of the other doubles faltered since presentation - even including the strong showup this week and today. Gemstar seems like an exception to it, as the $35 price I compared it was from 2nd of Sept, a day where noone dared to short more and where WMT is a stock which should not be shorted. There are the most recent first, brackets show dollar change since,price as of today: WMS - 7.5(-3/8), SERO - 22 7/8 (-2), PR - 7.75 (-1/4), SALT 11 1/8 (-3), XCED 5 3/32 (-2), STLY 14.75 (-5), RIMG 12.5 (+1,5), GMSTF Gemstar 45 9/16 (+10!), PAWN 9 1/8 (-3 1/8), G2 16,5 (-7,5!), PURW 6 1/8 (-3 7/8), TBFC 9 1/4 (-12 5/8). HLWY 9 1/4 (-4 1/2). PRBZ 31 5/8 (-6 3/8). KLB 6 11/16 (-2 3/4), FDO (+0,5), BLDPF (-1,5), WMT 64 5/8 (+ 3.75) PLCE 9 7/16 (-3/16), DG 23 7/8 (-13 Split adj.) BXG 9 5/8 (-4), LU 70 3/4 (-15 3/8) AHLS 26 1/2 (-11 1/4), CDWI 17,5 (-11). The recent three doubles need some homework and are not recommended at recent prices. PAYX Paychex which is already very expensive at 45, RESM Resmed at 52 1/4 now, with a PE approaching 40 KNDL Kendle at 31 with a PE over 36 INTV Intervoice at 23 with a 43 PE. So even counting today a mechanical equally weighted piece by piece short across this collection netted a return approaching 30% when the market did not undergo that drop. Especially all the doubles which escaped penniland look like preferred targets. C.