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


To: Richard Miller who wrote (27753)4/7/1999 4:19:00 PM
From: Nazbuster  Read Replies (2) | Respond to of 122087
 
AHWY - They must have some REALLY deep pockets to support this stuff. I saw more than one in there today refusing to let it tick down. Tons of 100-300sh orders. Rarely a rush of blocks.

I really don't have any perspective on this kind of action. It's hell learning this in a vacuum at home. Anthony seems to have total clarity on these things. For me, it's almost pure speculation. Can't wait for the seminar.



To: Richard Miller who wrote (27753)4/7/1999 4:37:00 PM
From: get shorty  Respond to of 122087
 
Anthony & thread, TMSR trading at 52 week high. Need an opinion please

Anthony, I'm a long time lurker on your thread and this is my first post on SI! Unfortunately it's to ask you about a short position that I'm underwater in.

I know you have successfully shorted Thrustmaster(TMSR) in the past so
I don't need to tell you why this co. is a POS. They just announced what they anticipate to be record first quarter revenues and there still going to post a loss. Which to me would indicate that their margins continue to shrink under competitive pressure.

They filed an S-3 on 3/4/99 to raise working capital. I have looked at the filing but can't determine at what price the warrants can be converted. On 3/22/99 a SC13G was filed disclosing that Sawtooth Capital Mgmt. had taken a position just over 10% in TMSR. In the 11 trading sessions since that filing, TMSR has climbed from $11 to close
today at $19, a new 52 week high.

Is a stock so thinly traded as TMSR so easily manipulated? I can't believe this run is due to improving fundamentals. TMSR has a relatively large short interest so I imagine the short squeeze is largely responsible. Any sage words of advice? Take the big hit and bail out, or try and hold on?

Sorry for the length of this post! It's nice to actually post on your
thread even if it's bad news!