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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Tom Hua who wrote (5066)9/2/1997 9:24:00 AM
From: Edward F. Horst Jr.   of 9285
 
I agree with your logic, and actually shorted Excite Thursday at $33 3/8. Today they announce a guaranteed credit card security system. These companies are so far overvalued on fundamentals, it's a joke. However, they are being valued by some based upon the new electronic commerce potential, even though it's a ways off. We'll see what happens today with these companies, especially XCIT! Post simply a word of caution that these situations may not be the slam dunks they appear???? Be careful.
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