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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (4870)8/22/1997 9:21:00 AM
From: Franco Battista   of 9285
 
Roger, I agree. I've been waiting a long time for what I saw yesterday. Nasdaq, and most techs opening much higher, then a big reversal with most techs closing near their daily lows. I just phoned my broker asking to borrow shares of Rmbs, ddim and manu to short and she mentioned that all 3 companies were showing a substantially lower opening at this time.

Yesterday looked like the mirror image of what happened on April 22nd in the tech sector. Luckily, I am already short with a substantial position, but I hope to increase it this morning.
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