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Strategies & Market Trends : Roger's 1997 Short Picks

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To: tonto who wrote (4511)8/7/1997 11:40:00 AM
From: Hank   of 9285
 
Rger et al.

Here's a short for you-DATM. Just a short term play. I've been trading this stock for over a month now and it's pretty predictable. It had a run of +6 yesterday and will probably end today +1 or so at around $40. Expect a correction back to the mid $30's in the next two days before the next big run up. If you can get short at around $40, you should be able to make 3 or 4 pts within the next two trading days. After that, I expect a run back into the mid $40's since this is basically a sound company with good prospects. Just short term overbought for now. I jumped the gun a little and went short at 38 1/2 but should still be able to make a point ot two.

hank
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