Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Market Tracker who wrote (5095)	9/2/1997 11:06:00 PM
From: Roger A. Babb	of 9285

MT, In part because of the moderate volume and in part because of the breadth of today's rally, I don't think it was a blow off top. To the contrary, it felt to me like the beginning of a major up move, too big for shorts to fight. I will be covering more shorts and taking some long positions tomorrow. But I will remain nimble, it could be a short duration spike up and I don't want to be caught long on the other side. As I was reading all the on line news and SI posts last night and early this morning I thought I could detect the wind direction changing and started covering shorts right at the open. Now I only wish that I had covered more, but hindsight is 20/20.

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