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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Lama who wrote (7875)12/5/1997 1:54:00 PM
From: Roger A. Babb  Read Replies (4) of 9285
 
Lama, I increased my CTXS short substantially at $82, my average is now $80. But it may go higher before the end of the year, in which case I will short more. There are many investors with large profits in CTXS and it makes no sense for them to sell until January, thus there are few sellers now. This is true of many other stocks with big 1997 gains, thus my earlier prediction that December would be a strong up month. In my opinion we are at the beginning of a great shorting opportunity in many high fliers.
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