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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (18328)7/30/1999 9:21:00 AM
From: TAPDOG  Read Replies (2) of 18691
 
Roger, LAMR: I lost money shorting this stock a while back and I recall that I shorted because of the high level of debt of the company. I shorted LRW, PCTY, and WDRY at the same time. PCTY,LRW and WDRY have collapsed since and I think LAMR will do the same.
I seem to recall that a billboard company which is a competitor to LAMR was bought out at a fairly high price and LAMR rallied and I was stopped out. It's probably time to take another look.
Technically (not my strength) LAMR is right abbove the 50 dma which should be support so we should get a better price to sell.
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