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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (3943)	1/14/1999 12:12:00 AM
From: JC Money - President of a Loca	Read Replies (1) \| Respond to of 122087

Christian, regarding CNKT, - I did short @8 3/8. Covered at @7.50. Shorted again at @$7.25 covered at $6.25, shorted again at $6.50.. Before I went short, I went long at $8 5/8, got my ass kicked.. Did some DD and realized that the company was nothing but the HYPE! They have history of reverse stock split, book value of $.008. That's point zero zero eight, not point zero eight. Loss per share over $5 (That's worse than Yahoo that's getting killed because many thinks it's over-valued. I think it will hit $5 soon and probabaly below $4 by next week. Unless of course, they come out with another hype or come up with some financial numbers for the deal w/ IBM..