Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (649)	1/13/1998 5:14:00 PM
From: Ploni	Read Replies (1) of 18691

I think the time to establish short positions is now. We could go a bit higher, but the top is very near. I still think the 1998 highs are behind us. I hope you're correct, Roger. I know that the shorts I opened yesterday (ITWO and SEBL) moved higher, along with my favorite tulip, YHOO, and it's quite frustrating. I'm obviously not cut out to be a day trader, but I hope with a little patience my positions will be rewarded. I find it hard to believe that the U.S. companies and market won't be more greatly affected by events in Asia, especially as our taxes are going to be propping up these countries. I also think the European Union will lead to huge problems, and maybe even a war or two. Even without these external problems, valuations for most U.S. companies have simply become obscene.

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