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Non-Tech : Invest / LTD
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To: drsvelte who wrote (3981)10/9/1998 7:53:00 AM
From: SJS  Read Replies (1) of 14427
 
MOre "possible" shorts:
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Over the past several months we have attempted to keep our readers on top of the market by identifying short opportunities. As one would expect in this environment, each of the stocks highlighted as short candidates have done extremely well (i.e. have fallen considerably). For those investors still searching for plays on the short side, we have run a screen to identify stocks that, though down sharply from their highs, still trade at rather lofty valuation levels. Briefing is in no way recommending that readers short these stocks, we are simply doing some of the leg-work for investors/traders who believe that the U.S. equity markets will continue to retreat and that the pie-in-the-sky premium awarded these issues will continue to be whittled away. It should be noted that a rally in the Internet group could launch these stocks 20%-30% higher in a matter of 2-3 days, particularly the stocks that are already heavily-shorted. Hence, this list may also be of use to those traders who are less-bearish on the market and are awaiting the impressive rebound that has always followed an Internet correction.

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