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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (15442)5/17/1999 10:49:00 AM
From: John M.  Read Replies (2) | Respond to of 25711
 
TXCI..a gift here. Won't be here long... .65!



To: Joe Copia who wrote (15442)5/17/1999 10:52:00 AM
From: Gator  Read Replies (1) | Respond to of 25711
 
Major squeeze occuring on IGHS. Announced merger on Friday, stock swap required to complete merger, meaning that short position has to be covered otherwise MM's with naked shorts will have to come up with millions of shares of the new stock to settle customer accounts.

Believed to be 2.5 million shares short as of last week, only around 6.5 million outstanding.

CEO has stated that company will be profitable this year based on contracts in hand (around $0.14/share this year).

Good company info at ighs.com.

From last news release, a conference call has been scheduled for Tuesday May 18, 1999 at 4:30 p.m. to discuss the reorganization. To participate on the conference call dial 1-800-260-0702 ask for the Integrated Healthcare call.

Gator