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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Don Westermeyer who wrote (5249)9/10/1997 9:05:00 PM
From: Craig Gordon   of 9285
 
No one knows where the top will be for Yahoo, including me.

I have made a study of fast moving high flyers. Here is a possible senario:

Yahoo will become a $50 stock for awhile, with a top of $64 and a bottom of $44. If their earnings and sales don't live up to the expectations then it will crash.

Some past and present issues:

MFST 128 top, 88 bottom - 1987 - before the crash in October
CUBE 73 top, 44 bottom - 1996 then it crashed to 22 - it became a $25 stock.

ASND 77 top, 40 bottom - 1997

All the above had sales and earnings that were increasing at a far faster rate than Yahoo has to date.

Only time will tell which way this one will go.
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