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Strategies & Market Trends : Roger's 1998 Short Picks

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To: TATRADER who wrote (1365)1/23/1998 4:44:00 PM
From: Alias Shrugged   of 18691
 
Mark - Thanks for CTXS 200 DMA. I'll be very happy if it goes to 60.

For the record, I am short CSCO at 58-5/8 (shorted 3 weeks ago; covered 1/2 at 54), and short DAL at 118+. And am short CTXS June 70 Call. CTXS puts so expensive, felt better shorting the call.

Any thoughts on shorting stock vs puying puts vs shorting calls.

I am going on vacation next week and would like to establish more short positions after I return, SO, I am counting on you guys to prop up the market until I return!!

On oil, geeez, I made a small fortune in oil svc stocks in 1997 and then promptly lost 2/3rds of it in last 3 months. (Slow learner!!)

Long term - great sector; short term- incredible risk. Spot market could sink quite a bit more as SEA consumes less, struggling OPEC members (Indonesia, Venezuela) pump like mad, and IRAN is starting to make kissy-face with the Great Satan. My opinion - better longs and better shorts exist elsewhere.

All IMHO.

Mike
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