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

To: Zeev Hed who wrote (17809)	3/19/1999 9:25:00 PM
From: Roger A. Babb	Read Replies (1) \| Respond to of 18691

Zeev, I don't think we can judge the effect of the ZITL convertible until we know the conversion terms. I doubt it is a floorless, but stranger things have happened. I do agree that an overvalued company should increase its shares and spend them as quickly as possible. I was recently visiting with the CEO of a medium sized NASDAQ company. I asked about his stock price and he said that in his opinion it was overvalued by a factor of two. I suggested that he do a secondary offering. He replied that the company already had more cash in the bank than needed. I promptly shorted his company, obviously he should not be entrusted with more money than he can manage.