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Strategies & Market Trends : Anyone following Capstead (CMO)?? -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (177)	12/14/1998 1:53:00 PM
From: James F. Hopkins	Respond to of 216

Hi Wallace, Most of them are scum bags, I have letters from several none of them cautioned me not to short, I talked to a lawyer friend and he said that the company defending could do a discovery and get any claimants brokerage records, and if I was found to have shorted in an attempt to enhance my claim it could be shame on me, and he said something about before the fact or after the fact, like if it was before the fact I could even be charged with something criminal. Why do these ambulance chasers not warn the people they mail forms to about stuff such as this. I think they just don't really care, if they can fake the company into settling out of court for anything they claim a victory. Meanwhile they likely have their brother in law exploiting the situation and set up to short the stock. Indications are the stock was shorted heavy "before" any claims and that there was collusion on the part of some one to take her down. I don't know about this management, but I wouldn't settle out of court, I would be counter suing and getting complete account records of every Tom, Dick and Harry the scum bags signed up, they would not just produce the tickets they chose to. If CMO settles out of court even without admitting to any wrong doing; the public will still take it as a sign of guilt, my reputation is more important to me than some easy way out, I would just tell the scum bags " See you in Court" and hire me some undercover specialist. This stock was not just over sold, it was undermined, but fortunes at times have a way of biting the slickest of operators right on the butt. Their weakness is they think they can't be touched. Also if I had them in the court room and asked the question, "when did you short this stock" I wouldn't be fishing, I'd be looking at the answer they had better give. <G> --------------- Back to today's action, if that was shorts just after the open as it looked like, that don't bother me, as it seems they shorted into some powerful hands. Every one who wanted to sell this stock did so some time ago, the fight now is between shorts and longs. It's like a table limit poker game, the one who has the most money will likely win in the long run. If CMO has another white knight stashed some were this could be an interesting ride. She simply has to much cash headed her way to stay down here for long. No matter if management is sorry, some one will try to get at that cash at a discount. I'm sure of that much, and even in a bear market that works, often times even better than in a bull market. I got a list some where of Cos I played last year in the bad times From OCT to Jan..I had to dig to find them, and in some cases it took 6 weeks or more, but every one was selling below it's cash, ( I'm not talking book value ) just cash on hand, there are forces that want that cash and will worry about bills and such latter, & they will make a run at it. During the worst time last year the cash plays paid from of 25% to 100% + and none of them were near this good. Not one was a loser. So much for that she is still trading strong, and I see 5 exchanges trading her, if nothing else she has someone's attention, I bought some CYM this morning , paid an 1/8th to much, but volume on her was heavy and trading kinda fast for her, went in at 9-11/16 got a stop at 9-3/8, I see 12 by xmas, or early Jan. ( if I don't get stopped out ) Jim