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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Bill Wexler who wrote (8079)12/10/1997 8:24:00 AM
From: Franco Battista   of 9285
 
Bill, I felt the same frustration on Friday when the unemployment numbers were released and the market still went up! I felt like throwing in the towel! Then it hit me, if as a short I am ready to give up, the turning point must not be far away. Remember this spring when it seemed no amount of good news could get the tech stocks moving up? Well, now it seems no amount of bad news will get them down! Even worse, the dogs are the ones flying the highest! But, one day soon, reality will set in, as it always does. Patience is the key here. Let the fools party for the moment, they will be picking up the pieces later.
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