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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (7183)11/19/1997 8:57:00 AM
From: Staff  Read Replies (2) of 9285
 
Roger... I like US banks right now for a short sale but I also thing the brokerage sector is highly over valued and cannot sustain present growth and profitability. It could be very vunrable in here

Food for thought via Japans dive last night
"Yamaichi, the smallest of Japan's ''Big Four'' brokerages, became the top percentage loser on the first section of the Tokyo Stock Exchange,
initiating a hefty slide in the market's benchmark Nikkei average of 225 leading shares.

The Yamaichi shares, which had been falling since the opening in heavy trading volume, hit their limit low of 58 yen for the first time ever in the
afternoon and repeatedly touched that level. They closed the session at 65 yen, down nearly 40 percent from Tuesday's close of 108"
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