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Strategies & Market Trends : Roger's 1997 Short Picks

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To: NYBellBoy who wrote (6619)11/7/1997 1:58:00 PM
From: Dale Baker  Read Replies (1) of 9285
 
I have to confess I didn't do any DD on YURI; I was looking for some good shorts before the open and saw YURI's chart, earnings and PE. Whatever they're doing, they ain't doin' it right.

I'm playing all my shorts today with tight stops to avoid any whipsaws, especially in YHOO. I was amazed I was filled at all, yet YHOO shorted 200 shares very quickly at the open. YURI is farthest ahead so far.

Once the dust clears, I'll take a closer look and see if I want to keep this position long term. In a weakening market with the Fed meeting approaching, I probably will. They take the sting out of my long losses.

Good luck all.
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