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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI -- Ignore unavailable to you. Want to Upgrade?

To: KW Wingman who wrote (4931)	3/6/1999 11:10:00 PM
From: Pkelly50	Read Replies (1) \| Respond to of 5736

Wingman, You need to be careful if you are short this thing in size (50,000 shares or more). We are just about done our due diligence and will be starting to take a position over the next few weeks. I am smittty on SI, Pkelly50 on yahoo Finance. If you check those chat rooms under Omega research (OMGA), you will see that we purchased 100,000 shares at $3 on Jan.5 for a number of reasons. We aggregated a total of 300,000 before selling 2/3 position at $8,$9 and $10. We sold too early, but are playing with house money now and will maintain the 100,000 shares because we think its going higher, although it may drift back a point or two if the impending news does not materialize quick enough. Spoke with CCSI last week, including chairman. Got comfortable with Asensio's short story analysis (its bunk), firm's burn rate, impending alliances with Nordstrom on the cosmetic side, dental alliances on the tooth replacement side, conference call with neo-natal specialist next week, regional distributorships, and their attempts at getting analyst coverage (tough when there is no lucrative banking biz to go around, but they are close). They need it to get their story out. Some of the shorts did not listen to my OMGA call in early Jan. Again, if you are short in size, consider another playground, because you will not enjoy the consequences over the next few weeks if the conference call goes well and we are convinced they have an exit strategy in the event cash gets too low. You will lose on this one.