Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Eric Klein who wrote (5159)	9/5/1997 12:56:00 PM
From: Hank	of 9285

Eric, IBD= Investor's Business Daily, a daily financial newspaper. They have a section everyday entitled "The New America" where they profile new and up and coming companies. Some of the companies they profile are very good. Others, like DDIM, are not. At any rate, just about every company that IBD profiles in their New America section jumps several points that very morning and generally rises in price over the next week or two. Mostly the result of hot shot newbee speculators looking for a quick buck. However, I have come accross some truely promising companies in these articles. You just have to be careful not to trust what IBD says implicitly. In any case, you can expect more up action on DDIM than down action in the next week or two. I was hoping to scalp only a few points on this one this time around based on my TA but IBD thwarted that. I like to short ill fated companies every time I see their technicals weaken. It may only give me a few points here and there but it increases the likelyhood that I'll be along for the ride when the big one hits. In the meantime, I prefer to put my money to work elsewhere instead of holding onto a short position that may not really pay off for months to come. Hank

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