Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (4190)	7/23/1997 1:27:00 AM
From: CalculatedRisk	of 9285

Roger, calling the exact top is fun! We are definitely close. Bullish sentiment, especially the put/call is unbelievable, and usually ends badly. But earnings are the real story. I track the OEX as a guide, and with about half the companies reporting, earnings are flat this quarter. I am surprised the press hasn't picked this up yet! Here is a Business Week article "Less Gusto For Profits This Time Around"; I guess someone has started to notice: businessweek.com Nice call on PRST! RE: ZITL & Emerald. When I asked about the "Speculative Buy" rating, Emerald told me that information was for "Institutions" only. Since they told you, does that mean you're now an Institution? Congratulations! Regards, Bill

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