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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Cosmo Daisey who wrote (8955)12/28/1997 3:13:00 PM
From: Mama Bear  Read Replies (2) of 9285
 
Yo Cosmo! If I short Yahoo! Will I also have "big ones"? <G>

I surmise that you come by your <<you are gonna get your clocks cleaned>> statement from the technical charts. I agree the momentum is clearly up, and I personally wouldn't maintain a short position in Yahoo! at this time. There is no way to justify Yahoo!'s current valuation on a fundamental level. I do however think that with enough buying power to sustain the position through the coming squeeze a short here or even in the 40s or 50s will eventually pay off with a respectable ROE. The trick of course is not to be squeezed out.

Me, I'll wait until the trend is clearly down. I may give up 10 or 15 points, but will be much happier with safer gains.

Barb!
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