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Dear Bob,
Congrats on your nimbleness. I quick flipped for 1/2 point in size
and did not see the shorting possibilities...I am embarrassed to say.
MYL announced 3 for 2 [2 for 1 or better my favorites] yesterday...I
am checking it out. I hate to go long these things in a down
market...but MYL is a fine company.
Sincerely,
John
------------------ Reply Separator --------------------
Originally From: BobsKC <bobskc@xxxxxxxxxxxx>
Subject: Re: [RT] Interesting Stock Split
Date: 01/08/2003 03:39pm
I bought it .... it worked for a bit .. made a half point.. then it
started
to show weakness and began to roll over into flat market conditions
so I
sold and shorted it. ... made 6 points on the short so I covered
just
now. Great beta on this issue ... thanks for bringing it up to the
list
John ... It's a real mover.
Bob
At 09:56 AM 1/7/2003 -0500, you wrote:
>SCSC [sells purchase scanning equipment] announce at close yesteday a
>2 for 1 split. Earnings on uptrend and heavy institutional
>holdings...up to 98%. Could also benefit from short squeeze...very
>thin for now. Just a little buying could move this...just be nimble.
>
>Best one I have seen in a while...especially if market trends up a
>bit.
>
>Do your own due diligence.
>
>John
>
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