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

To: Nazbuster who wrote (17545)	3/5/1999 1:58:00 PM
From: Cosmo Kramer	Read Replies (2) \| Respond to of 122087

Anyone shorting CPU?? CPU down the last few days and tons of bad news today including: NEW YORK, Mar 5, - Standard & Poor's today placed its double-'B' corporate credit and bank loan ratings, as well as its single-'B'-plus subordinated debt rating, for CompUSA, Inc. on CreditWatch with negative implications. The CreditWatch listing follows CompUSA's announcement that sales and earnings for the remainder of fiscal 1999 are likely to be well below previous expectations. The percentage decline in comparable store sales for the fiscal third quarter ending March 27, 1999 is now expected to be in the high single digits, accelerating the decline experienced in the first half. Same-store sales declined 1.7% and 4.7% in the first and second quarters of fiscal 1999, respectively. Further, the third-quarter gross margin rate is expected to be 13.0%-13.2%, down from 13.5% in the second quarter of fiscal 1999. Both these measures had been expected to improve during the last half of the year. Based on current trends, CompUSA anticipates reporting a loss in its third and fourth fiscal quarters. Standard & Poor's will meet with management to assess business and financial strategies to improve profitability.

To: Nazbuster who wrote (17545)	3/5/1999 2:15:00 PM
From: Kevin G	Read Replies (3) \| Respond to of 122087

Thanks Dan, and for record, I am not against shorts in general(I do it myself on a regular basis). I covered my COOL short today for a quick 3 points(not because I think it's gotten better) I don't like the Idea of being short the way the market going for probably the next couple of weeks with interest rates falling back. I'm going to have to raise my shorting entry point on YHOO also until it mellows out some.(Now this suckers over priced!) Good luck Kevin G