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Strategies & Market Trends : Roger's 1998 Short Picks

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To: craig crawford who wrote (7092)4/16/1998 9:11:00 AM
From: hal jordan   of 18691
 
>Of course not! They are going to be much higher! <g> Didn't I hear somewhere that internet usage is doubling every 100 days?<

I look at YHOO...and never read the ads. I consider the ads to be meaningless clutter. I think you will agree that current valuations in all these stocks are beyond rational investments. All high flyers in such situations come down to earth. Even the great ASND crashed and burned when it missed one quarter. So the question is not if, but when. If you think you are making a lot of money on the way up, imagine how much you can increase your portfolio on the way down. Each one of these puppies is going to crash and burn. I believe it will happen by August, but I am going out with October puts just to buy more time, in case the mania is on a prolonged afterburn.

I feel very sorry for all those people who have become wealthy, and are keeping the stocks and not taking profits. They will be kicking themselves in six months.

Hal
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