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Zeev Hed

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Zeev Hed

Re: Plugger301 post# 49716

Tuesday, 11/26/2002 4:10:17 PM

Tuesday, November 26, 2002 4:10:17 PM

Post# of 704019
As I have analyzed on this thread many times, OMG is not a likely bankruptcy case, most of their debt is not bank debt, they have assets they can sell to come into the bank covenant" limits, and their clean book is around $14/share. It does not mean that it is not going to be volatile again and even retest the $4 area, I have a single position now (from $6.41) with a very nice $4.95 cushion from a number of trips, I'll keep this one for at least a double bagger.

Zeev

AZH

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