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 (8110)	12/10/1997 7:16:00 PM
From: Timoteo	Read Replies (2) of 9285

Roger et all: shorting opportunities. I would add CIEN to your watch list. Earnings beat the street today by .02. Not sure of the whisper, but I'm hoping for a rebound to re-short. Missed it at 60 the other day. I've noticed its been bouncing between 50 and 60 quite readily. A lot of people have made some $$$ in this one and I expect some selling pressure after Jan .1 because of taxes. If I was a venture capitalist in @ under a buck a share, I'd be sweating bullets in this market waiting for the New Year to lock in some profits. Fundamentally overvalued regardless. I think it will drop to high 40s easily with any selling pressure. Best Wishes, Timoteo

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