Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (6263)	10/29/1997 2:14:00 PM
From: space cadet	Read Replies (2) of 9285

Hi Roger and everyone. I went short friday and monday but was not nimble enough or smart enough to take my profits and run. So now I am still waiting for another drop to get out. I think tomorrow (Thursday) is the key. If it looks strong I will get out of all my short positions. The bounce on Tuesday is normal and probably today will be an unchanged overall type day. Briefing's record the last month has been terrible (so has mine so I can't act arrogant). First they were too bullish, and then they have been jittery. But they do make a good point which I agree with. That is that there is no longer any leadership left in this market. Look at today, Intel, CSCO, MSFT, all down. It is the speculative and garbage stocks that are up today (unfortunately those are the stocks I shorted-wouldn't you know it!). I question the durability of this rebound with the leadership being so wounded. What looks good to short now IYO? I am still short ctxs but nervous about it, as supposedly the ceo will appear on cnbc tomorrow. But I agree that if and when this thing collapses it will fall a long long way, but I don't know when that will be. In short (pun intended) can this market recover without any leaders?

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