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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?


To: Marshall who wrote (31106)2/23/1999 10:24:00 AM
From: Bryce Sherwood  Read Replies (1) | Respond to of 33268
 
I have been watching and reading on this thread and on the yahoo thread and it appears that immaturity reigns supreme. Name calling, vulgarity, etc... sure takes the enjoyment out of reading. I do not post very often but I think both sides need to grow up. I bought RACE at a much lower price. I took some good profit at 8.5 and am letting the rest ride. I made over $5.00 per share, I sold half of my position so if the bears are correct and we return to lower levels I made some money, if the bulls are correct I made even more. Hopefully I played it smart by selling half of my position. My only problem now is I have to read through all of both sides of nasty/personal comments. I appreciate both sides posting the facts (as they interprete them) but you need to keep it professional. I make my own decisions, I read both sides (that;s why I sold half my position @ 8.5) but please lighten up on each other. I know this is posted as a response to the previous poster, but it is directed to all.

Bryce



To: Marshall who wrote (31106)2/25/1999 9:11:00 AM
From: WW.com  Read Replies (1) | Respond to of 33268
 
Marshall - Short Interest 2/15/99:

Per the WSJ today:

1/15/99 2/15/99
705,984 1,649,381

> It is my understanding a fund has taken a large short position in Race based upon MISinformation...

> There will be approx 300K shares avail on 3/16/99 from the last convertible deal, but it is NOT a death spiral convert, the seller has NO incentive for the share price of Race to go down, in fact the seller has every incentive for the RAce stock to go UP.

Likely that the entire block of 300K shares will be purchased, and the purchase will be arranged in advance of 3/16/99..even if shares are sold on open market, not a big deal, not alot of shares considering the volume in RACE for the last several months.

> Very encouraging how an additional 1million shares could be shorted in the last 30 days and Race is still trading in the $6 - $8 range.

Good things happening at Race...time will tell.

Good Luck



To: Marshall who wrote (31106)2/25/1999 9:15:00 AM
From: WW.com  Respond to of 33268
 
Marshall found this interesting post onother thread:

" For All You Highly Intelligent Shorts

by: mrbalfour (30/M/New York, NY) 5581 of 5583

Lets cut through the bull and get to the bottom of this.....all of the real shorts (the funds shorting tens and hundreds of thousands of shares) are taking positions based on Jan.'s S3 which on page 10 explains how the Series D Convertible Pref. Converts into more shares as the price of RACE declines....in other words its a "death spiral"......which are usually great shorts.......it also states that these Converts can start selling stock on March 17, 1999.....getting the picture now............the problem is.......a. those converts were taken out in a block trade that i participated in back in November.......so there is in the worse case scenario only 300 thousand shares to sell if the converts want to sell starting 3/17..........b. there is a floor on the convert ($3.00).....c....its is likely that between today and 3/17 you will see another block trade where the convert is completely taken out......which means d......if you think there is going to be convert selling starting 3/17 you will be wrong.......you will see massive buying buy the smart investors who know what is really going on.......which is.....RACE's products are selling very well......it doesnt matter what you all think about their technology......sales are happening and fast.......profits will come to the bottom line......thats what will drive this stock.......not much for the shorts to hang your hat on.......if you think its more than that....you are WRONG!!!!......keep on selling or shorting....because in the end.......you will lose........

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Posted: Feb 25 1999 7:23AM EST as a reply to: Msg 5579"