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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (9680)6/5/1998 12:24:00 PM
From: Lazlo Pierce   of 18691
 
The fact that MOT went up today is unlike the ETEC or the other misses. It is sheer madness. MOT was in a position to be the leader in one of the most important sectors there is. They allowed it to slip through their fingers, and messed up bigtime. The reason they messed up was (is) MANAGEMENT. Pure and simple. Until MOT gets rid of ALL the main honchos, and brings in compretent talent, this stock will languish. On the other hand, once they bring in new people, the stock WILL recover. I will short this stock on this pop. It will go into the 40s, and will wait till they bring in new mgmnt to cover!

(Edit Just started a small short in MOT @ 52 1/8) This may go up to 55 or so, I don't think so, but... it will be in the mid 40s soon.

Dave
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