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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (4664)8/12/1997 11:44:00 AM
From: Jim Rathmann   of 9285
 
I have not tried to short. On the surface it seems like a scam stock, aka ZITL or if you remember, CSGI, Shawn Murphy, "The Picks"... The thread has a couple of leaders and a cult like following. Every downurn is a market maker manipulation to them and the naysayers are viciously attacked.
Basically the story is this: Somehow they are going to train "consultants" to assist thousands and thousands of companies with the imbedded system y2k problems in their process control systems. Of course TPRO has the market cornered, etc. The chant seems to be "You can't value this one on earnings becasue there is no way to guess the earnings". I would be careful on shorting this one just because the herd seems greedy but nervous, so the stampede could go either way.
jim
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