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Strategies & Market Trends : Roger's 1998 Short Picks

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To: James F. Hopkins who wrote (269)1/6/1998 7:57:00 PM
From: Jerry Thibeau  Read Replies (1) of 18691
 
FYI... Sunday night I loaded about 90% of all the short picks posted on this thread into Internet Trader. I shorted 1000 shares of each company mentioned and factored in commisions. Total portfolio value was about 618K. Yesterdays gain was about 9K and today another 1K was added for a total of about 10K. Best winner ZONA @ 9.3% gain. Worst performer ITWO @ 3.9 loss. Of the 18 stock picks I loaded, 13 are headed in the right direction. However, keep in mind the market has not done so well this week. Considering that you would only need 309K in your account to short all these stocks. Your 2 day gain would have been a modest 2% in 2 days. I'd take 1% a day for the rest of the year!

I would also like to make my opinion known about ITWO. I myself would not short this stock (very risky). A good friend of mine who has 2 MBA's from MIT is very high on this company. He now works for a Fortune 500 comapny that recently looked into buying ITWO software. He was quite impressed with the company and its software. He is actually buying stock in companies that purchase ITWO software. The software is very powerfull in helping companies maximize profits through manufacturing & distribution.

Don't let the P/E on this one fool you, this is a solid company in my opinion.

Just my ITWO cents worth.

JT

PS I'll keep you all informed on the Internet Trader shorts.
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