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Strategies & Market Trends : Roger's 1998 Short Picks
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To: larry who wrote (7401)4/20/1998 9:19:00 AM
From: RagnBull   of 18691
 
Larry,
This week there will, I think, be a huge battle between Internet shorts and longs and I certainly can't project the winner. However, it seems to me that having the 4 search engine companies (Yahoo!, Excite, Lycos and Infoseek) close last week with a combined valuation of around $10 billion (calcualated on a fully-diluted basis), is excessive. So, I would expect that sometime soon, these stocks will adjust to more sustainable valuations.

Sleep is much more important than speculative profits.

Sleep well.
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