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Strategies & Market Trends : Roger's 1997 Short Picks

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To: vegetarian who wrote (7266)11/19/1997 4:48:00 PM
From: Alec Epting   of 9285
 
I am sure analysts will reiterate their "strong buy" recommendations. This will stabilize the stock if not drive it up in the morning. Of course, if market conditions deteriorate, that's another story. I was surprised at what a recovery the stock made when it dropped from 79 to 69 in a single day about a week or so ago.

I'd like to short this one, but I think it is too volatile for my tastes. I'll stick with my AOL puts. At least their revenues came up short this last quarter. And the Reg S offering tells me they are in dire need of cash. I'll close my position when the stock hits 55.
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