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PCM, Inc. Message Board

  • newmilleniuminvestor newmilleniuminvestor Dec 10, 1998 10:55 AM Flag

    As long as people keep selling without b

    remain down...only when buying comes in can we
    begin to see.
    right now MALL is way oversold with
    short interest of ~2.7 Mil and any significant
    developements from the company could trigger a positive
    scenario otherwise it's going to be a waiting gam.

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    • and once this stock breaks the resistance that
      you
      posted earlier, this stock is going to fly
      big.
      Shorts will cover, then more longs will jump in.
      I
      really don't see how this won't happen, and I
      think
      that a lot of serious longs with big interest
      in
      this stock feel the same way.

    • Did anybody thought of the intention for MALL to
      distribute the UBID shares? When a company spin off another
      company, they can either distribute it or maintain the
      ownership as the asset of the company. This will provide
      them a stronger capital to expand their business or do
      some other investment (like CMGI). I think the reason
      for MALL to distribute the share are:
      1. They
      think that they have improved business (in fact they
      are in the last 2 quarters) and are confident that
      they will not need additional capital from the UBID
      shares.
      2. They want to totally separated from UBID so that
      both UBID/MALL can buy/sell products from/to others
      venders (like AT&T and LU).
      3. With the spin-off of
      UBID, MALL decrease the expense of UBID but may be able
      to maintain a majority of the sales because UBID buy
      products from MALL.
      4. MALL has a big write-off at the
      beginning of the year and this will key their tax-rate to
      be minimal for the rest of 98 and 99.

      BTW,
      how do you know the short interest to be ~2.7 Mil?

    • getting out..

 
PCMI
9.59+1.34(+16.24%)Apr 29 4:00 PMEDT