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Strategies & Market Trends : Roger's 1998 Short Picks

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To: McNabb Brothers who wrote (18550)3/14/2000 2:57:00 PM
From: Jim Goodman  Read Replies (1) of 18691
 
thanks, but, while my "PSYCLE sm" NL called the recent top-and-drop in Biotechs perfectly (taking at least 1/2-position big puts gains already, this morning), I have been a bit more premature on some of the ridiculously-parabolic issues like RMBS, others of whish we had quick, small puts losses in....wow.... interesting, since I called its big drop last year perfectly in my NL, and the 'consolidation bottom' before its recent rise (but recommended getting out early, but with another big gain, I have missed out on some of these....so, sorry, Hank, I have no idea when it will form its PSYCLE 'exahustion V top' (but, of course, it should, soon)....I kinda only choose those toppy patterns that 'look right enuf', instead of trying to guess amazing ones like RMBS here, and I wish you all the best with it here....gee, I gave out tons of other puttables in my NL recently, which have worked out real well, but have still not mentioned this one....wish I could be of more help....are you seeing all the others, in other ind. groups, with potentially better-looking tops lately ? you seem pretty sophisticated....I will help where I can, just cannot on RMBS here....enjoy,
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