Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Bob Trocchi who wrote (6908)	11/12/1997 6:32:00 PM
From: Pancho Villa	Read Replies (2) of 9285

Bob RE: your take on DDIM. I have no words to thank you for the thorough research! You really did your homework on this puppy! I hope I can return the favor by either answering any specific question you may have and/or through posts that you hopefully will continue to enjoy! Some of the concerns you have on "having the guts to hold down to a short position" have to do with how big a position you take. I will not repeat myself as you have probably read my views on the matter. If not, a text search with the words Pancho and some key words such as long term approach, finance, hedging, hedge, may help in finding relevant posts. In regards to the missing BS (balance sheet!) I must admit that this fact, coupled with their terrible cash flows from previous 10Q's, is what finally made me pull my gun's trigger (al gatillo de my pistola!). I am extra happy as despite having no trading skills this resulted in my getting a price of... what was it 21? (I shorted SEEC again at 22 so now I am confused. I posted the actual price above!). To all: I was hesitant to get a Zacks membership but was nicely surprised with their real time quotes on NASDAQ stocks that are part of the $200+(?) annual subscription. You can see current bid ask last trade along with the volumes for each! In real time. I have already paid for it just with the quotes! It is amazing to see how the market makers in these small volume stocks play with the bid/ask. Should I get something more fancy than this? One more thing, I have done developing consulting work for outfits with sizes (at least in terms of number of employees) similar to those of the Y2K companies> I hate to generalize but sloppy work seems to be the rule more than the exception (this despite some very impressive name in the list of clients) This is way the clients' list for the Y@K co's does not impress me a bit. Now can I not even imagine one of these poorly managed firms being capable of managing the tremendous effort in all fronts (development, marketing, labor force) required to justify the astronomic growth (particularly in CF's how cares about revenues!) required to justify the valuations. Thanks once again Pancho

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