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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (4629)8/11/1997 4:21:00 PM
From: hasbeen101   of 9285
 
>>I think y2k should be officially declared as a religion.

A good idea Roger. A lot of people are twisting the facts to suit their fanatical belief that there are miraculous pots of gold at the end of the Y2K rainbow. Good grief, we're talking about Cobol programming in most cases (I guess ancient relics play a role in this new religion).

Their central doctrine concerns the millenium, when fire and brimstone will afflict the unbelievers.

Peter de Jaeger can be annointed as pope of this new religion.

Seriously, though my concern about shorting stocks like DDIM is that it may take another 2 or 3 years for the hype to peak. If the mispricing persists that long, the risk/reward from shorting becomes much less attractive.
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