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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Market Tracker who wrote (5092)9/2/1997 6:00:00 PM
From: Roger A. Babb   of 9285
 
MT, thanks for the good word. The thread was quiet today because we were out covering shorts and buying long. I posted earlier that I saw signs of a turn and thought the market would open strong today. Boy was that an understatement!!! I promptly shifted from a 90% bear position to about a 60% bull position by the close. I think today was no blip but rather was the start of another leg up that probably won't end until we start seeing earnings in October. I sensed a mood switch over the weekend. I am not always right, but am right often enough to earn a little spending money.
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