Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: McNabb Brothers who wrote (6909)	11/12/1997 9:42:00 PM
From: Pancho Villa	of 9285

Brother's, IMO tech analysis by itself does not work. No one knows what will really happen. Probably your intuition/feeling is as good as any other form of analysis. I for example try to use some kind of benchmarking of past prices against fundamentals (it also fails! IMO COMS was not very likely to drop bellow 35!) For example I would reason: If it was trading on the average around $-- when the market was -- bellow where it is now, then with this great news and higher market it would be reasonable to assume it will not trade bellow such levels (a similar argument can be use for bad news on a short). e.g., with the current fundamentals on IPIC I would not expect it to trade at 12 or above. Let's see... Pancho

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