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


To: Anthony@Pacific who wrote (5792)1/23/1999 5:19:00 PM
From: Bear Down  Respond to of 122087
 
:-) The more I take out, the more I put in!!! I think I have revised my definition of long term to mean overnite!! I can't stand the sidelines..... Hello, My name is Bear and I'm a short-a-holic



To: Anthony@Pacific who wrote (5792)1/23/1999 11:24:00 PM
From: Jose Matos  Respond to of 122087
 
Prospective Short: GTSG

Anthony, I know you're busy with a bunch of crap stocks at the moment, but here's one I think may be ready to head south.
I shorted this back in July or August from about 38 down to 27 or so.

GTSG - GLOBAL TELESYSTEMS GROUP INC
Last Price: 58 1/8 at 16:00 EST
Change: Down 3 1/2 (-5.68%)
Previous Close: 61 5/8 on 1/21
30-Day Avg. Volume: 967,000
Shares Outstanding: 60,503,000
52-Week High: 66
52-Week Low: 21.12

It's a telecommunications company which does business mostly in Europe and Russia. George Soros is a big investor and since July has been and Continues to UNLOAD a ton of shares :

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Washington, Jan. 20 (Bloomberg) -- Global TeleSystems Group Inc. filed with the U.S. Securities and Exchange Commission to register 13.9 million shares held by stockholders, including billionaire George Soros and Global Chairman Alan Slifka......
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Since it bottomed in October at $21, it's tripled to a new high just a week ago at $66. It's begun dropping down, now at 58.

Recently acquired Esprit Telecom (British) for $665 Mil back on Dec. 8. This should hurt their balance sheet and integration issues will arise.

Last Quarterly Earings report.
go2net.newsalert.com

Catalyst for drop: Recent weakness in Latin America should create instability in Europe & China & Russia again. Plus Overvalued.

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I know it's a bit much for you to evaluate, but if you can, (Or anyone else) I'd appreciate your input.

Regards.
Jose.