Replies to post #7852 on Conversion Solutions Holdings (fka CSHD)

[sovereignty42]

Google kicks ass. Peter...still smarting from Amazon.com?

That had to hurt :(

Hope this one doesn't end up worse for ya



http://finance.groups.yahoo.com/group/Stocks_To_Short/message/122


petermic
Feb 1, 2006
1:15 am

Re: CHNR going up....


Hi Howard:

In my opinion, CHNR is a difficult short at this point for several reasons.

1. It has an extremely low float.

2. It plans to make an acquisition in a currently 'sexy' industry in a currently 'exy' country.

3. It's acquisition target has audited numbers showing solid net income in 2004, which, equates to abuot $0.50 eps for CHRN, if acquisition is completed as planned.

4. Based on metals prices income could be much higher for 2005 and 2006.

5. What if the daytrader rooms decide that 2006 earnings are going to be $3 per share, which is not completely impossible?

The stock has negatives, certainly, but to me it doesn't all add up to a short. Personally, I would work on getting out of it. Perhaps tomorrow it will re-trace some of today's gain - which I would view as a covering opportunity.

Just my opinion......Good luck, Peter

P.S. I was short AMZN from $80 to $300 in 1998. Never again! I
hope.