Quarterdeck Corporation
Quarterdeck Corporation Nasdaq: QDEK
The Fool Portfolio sold short 890 shares of Quarterdeck (NASDAQ:QDEK) at
an average price of $7.08 on September 27, 1996. The graph above reflects
QDEK's performance in relation to the Fool's short point.
NCR News
11/27/96 - Cover
Report
Cover Stats:
On December 3, 1996, the Fool Portfolio swooped down on its 38th trade as
it covered its buzzardly short position in Quarterdeck Corp. (Nasdaq: QDEK).
The Fool Port had not featured a short stock since Paychex in March of 1995.
Thankfully, Quarterdeck performed much better than that ill-fated short.
Quarterdeck earned the Fool a 21.78% return in little over two months, even
while the market soared to great heights.
Quarterdeck continued to struggle during the time period, announced poor
year-end earnings, had not had a CEO in place, and was slapped with a shareholder
lawsuit the very day the Fool covered (the cover report had been issued four
trading days prior). So, why cover at all? The cover report handles that
topic well. In short, though (no pun intended) the goal of a 20% return on
this dastardly short was attained, and so the Fool thought best not to be
greedy, but instead to cover. How Foolish of us.
Gain on transaction: 21.78%
13160 Mindanao Way
Marina del Rey, CA 90292-9705
Ph: 310-309-3700
http://www.qdeck.com
09/26/96 - Short
ReportACTION # STOCK PRICE COMS'N COST
Covered 890 QDEK $5 1/2 $36.50 $4931.50
The Rule Breaker Portfolio -- QDEK
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