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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: BDR who wrote (17591)3/2/1999 3:12:00 PM
From: Bob Trocchi  Respond to of 18691
 
Dale...

I have not been onto the net until just now and to my surprise, RACE is below 5.

e thinks I will take the money and run. 20+% in a month is okay with me.

Lets hope for a bounce to 6 and do it all over again.

Bob T.



To: BDR who wrote (17591)3/2/1999 3:22:00 PM
From: Bob Trocchi  Read Replies (2) | Respond to of 18691
 
Dale...

Just covered at 4 13/16.

What so you think about MCHM?

Looking over their profile, they have no sales, high price to book but $22M in cash. Run rate of losses amount to about $3M which gives them a good cushion. I have not checked out their thread to see if they have any zealots which usually tells me that shorting is in order.

I do not want to carry another long term short like ZONA and ALTIF which are staying afloat for what looks like a long time.

Regards
Bob T.

Bob T.



To: BDR who wrote (17591)3/3/1999 1:11:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 18691
 
Dale, I had an order in to cover RACE at 4 1/2. Only one third of my shares were filled at the end of the day. I will leave it in and see if I can't get the rest at the open, otherwise I will cover the balance at market.

Then we can all wander over to the RACE thread, have Marshall call the company and get a new press release so RACE goes over 6 again.