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

To: Nevada who wrote (5211)	12/20/1998 3:03:00 PM
From: Sir Auric Goldfinger	Read Replies (2) \| Respond to of 18998

NV: the vast majority of CLCX's biz is government funded. They've been caught lying several times now and are consuming cash prodigiously. If and when the DOE stops refunding their tuition bills, they are toast. A lot of analysts follow this thing because computer based learning is a big and fast growing field. The Ax in the stock, Robertson Stephens, threw in the towel a few weeks back after finally realizing that management had been lying to them. Be careful with options as you are correct about the length of time it may take to become a fractional digit midget. Look at cash consumption, though, it could be a few quarters. This is a has been MO stock that got found out. Also, read the Milberg Weiss stuff, for once I think they have a case. Having said all of the above, this is a crowded short and it not a day traders font of profit. It is for the iron stomached.