Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: GuitarMan who wrote (8555)	12/17/1997 10:14:00 PM
From: Bill Wexler	Read Replies (1) of 9285

PCTY looks interesting and should be watched. I guess that it is attracting investors because they figure there's going to be huge growth in parties...now that Joe Battipaglia has predicted that the Asian economies will fully recover and the Dow will hit 9000...all in 26 weeks. I mentioned in a previous post that I'm not going to short momentum stocks anymore until enough news surfaces. Even though this one is definitely expensive, it has momentum in a down market and a very small float. If the price breaks on high volume after a significant news item, then I'll consider shorting it.

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