Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Charles P. Hubbard who wrote (5098)	9/2/1997 11:28:00 PM
From: Roger A. Babb	of 9285

Charles, it is the fact that the Dow did not follow through with the big drop on 8/15 (no body panicked) followed by todays action that has changed my sentiment. The market does not deserve to be this high based on fundamentals, most stocks are over priced, some grossly so. But in the final stage of a bull run fundamentals don't matter, it is all price action, a buying panic. We can make big money shorting this thing near the top, but I really expect at 1000 to 2000 point run on the Dow before it turns. I will remain short losers and scam stocks, but am covering many others.

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