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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Dale Baker who wrote (5)1/1/1998 11:06:00 AM
From: Roger A. Babb  Read Replies (1) of 18691
 
Dale, This is my third short of ETEC in the past few weeks. Two times before I shorted at about 42 and covered in the mid 30's for nice profits. I started shorting ETEC because Jack King of Zitel fame resigned from ETEC Board. I figured where there is smoke there must be a fire coming. 15 points profit so far on its wild swings.

I won't reveal my 1997 profit percentage but will say that I made profits both long and short, my short profits were double my long profits percentage wise. It was a VERY good year, I only ask that 1998 be as good. I have been very lucky at picking losers and quick enough to get out of the way when a CTXS or YHOO heads up like a rocket. (Most rockets come back to earth)
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