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 Strategies & Market Trends | Mr. Pink's Picks: selected event-driven value investments


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To: Muhney who wrote (4220)10/16/1998 12:46:00 PM
From: Terry Thomas
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Muhney,

When I was listening to CNBC yesterday, talking about the rate cut, they indicated that LTCManagement would be forced to liquidate some of their positions(at a loss)because of the cut. Presumably they were short bonds. I know the rate drop weakens the dollar and provides add'l liquidity in the financial system but aren't a number of these hedge funds on the wrong side of this?

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To: Sir Auric Goldfinger who wrote (4228)10/16/1998 1:00:00 PM
From: TRIIBoy
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It is interesting that brokerages and banks such as BT were up a lot but are falling hard today. BT went from $52 to $60 yesterday intraday, and today it is back at $52.

Something smells fishy about this market...

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To: drakes353 who wrote (4218)10/16/1998 1:01:00 PM
From: Terry Thomas
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Drakes,

Thanks for the post, I've enjoyed your comments over on the MF board as well as in John G's boards here. I aspire to be a successful shorter like you and some of the others on these boards.

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To: TRIIBoy who wrote (4237)10/16/1998 1:11:00 PM
From: tdl4138
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BT will be announcing a loss next week...the question becomes how big will it be...last est. was -3.69....if its much greater BT will plummet. 1/4 pt decrease by FED isn't going to help this one.
Yesterday was a great time to buy more Nov 50 puts when it jumped to 58-59.

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To: drakes353 who wrote (4218)10/16/1998 1:18:00 PM
From: RockyBalboa
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drakes: AboutDDouble Performance
Interesting list, there are few outstanding performers but lots of stock being in the rough.
But it is very faulty:

They state a present price of $25 for Equimed, a famous stock which has apparently delisted from the naz (ho-ho!). YHOO seems to be not split adjusted.

But thank you for the advice. I considered only the Ddoubles of the months June till Oct 1998. So it may have some bear bias but little as I also used sequential prices from down days to compare with yesterday.

Greetings.

C.

Currently I look at CD Radio (CDRD), whether it is a good short at present prices (26, + 7 since last week).

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To: RockyBalboa who wrote (4240)10/16/1998 1:33:00 PM
From: GT
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EFII - mm's are way short from yesterdays action and will walk it down all next week. Poor earnings, option expire, top of 6 month trading range (from 15 to 22 and back every week or so for last 6 months). MM's raise the ask for every buy and then continue down slowly - surest sign that they intend to fill much lower - I love those guys - Gordon.

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To: GT who wrote (4241)10/16/1998 1:39:00 PM
From: RockyBalboa
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gorcon, nice to read about EFII, but we hope that it doesn't act like TNSI, where a lot of people believed the same.

Currently I look at CD Radio, a money losing development co, went up 7 bucks to 26 on last weeks news (Prime 66 bought 20% of CDRD) but this seems a bit overdone..

C.

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To: Terry Thomas who wrote (4238)10/16/1998 1:42:00 PM
From: drakes353
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Hey Terry:

Thanks for those comments. I do have my moments. Looks like there are some great ideas passing through this space. Think I'll stick around.

drakes353

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To: Mr. Pink who wrote (4193)10/16/1998 1:54:00 PM
From: Sir Auric Goldfinger
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Mr. Pink what does your hydra-esque network say re: CCR? Me thinks these boyz have a similar management style to FP. That is to say one should should wash their hands after meeting with these folks as they are fast and loose. Banzaai, Mr Pink?

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To: RockyBalboa who wrote (4240)10/16/1998 2:08:00 PM
From: drakes353
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Christian:

I think you're missing my point. What I'm saying is if you want to take a shotgun approach (shorting a list of stocks across the board) it's much, much better to short the Daily Troubles since they are more likely to go down and should go down more than the Daily Doubles. Yes, you're going to find some great shorts on the Daily Double list like......

Equimed, a famous stock which has apparently delisted from the naz (ho-ho!). YHOO seems to be not split adjusted.

(Pardon some shameless self-promotion ---->

exchange2000.com

Yep, EQMD was banished to penny stock hell some months ago. Sad, so sad to see that one go.)

....but you're also goin to run into some buzzsaws like BBY and JTAX.

If you're going to take the rifle approach (cherry pick potential shorts off the DT or DD lists) it is also better to look at the Daily Trouble list.

The DT list underperforms the DD list so the odds favor finding the better short on the Troubles list. Something that's already been cut in half is more likely to keep going down than something that just doubled. If you're having a hard time getting your arms around that concept don't worry about it, most people think that way.

By concentrating on stocks that have already been cut in half you automatically increase your odds of finding profitable shorts.

Best of luck,

drakes353

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