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 (1546)	1/26/1998 8:38:00 AM
From: Timoteo	Read Replies (2) of 18691

Roger and all: Clinton impact/ZITL. A British journalist from the times made an interesting comment on the McGloughlin (sp) Group this weekend on PBS. He pointed out that even if Clinton resigned, the VP, Treasury Secretary, Fed Chair, etc. etc. would continue current policy. His take on any impact on Wall Street was virtually nil. I do think it could have a 500 point impact depending on the scenario, but with a quick recovery (days). ZITL announced pathetic (non)earnings with an equally pathetic New York contract announcement. By my calculations they are nearly out of money. Am looking at shorting at the open anything above 10. Thoughts anyone? Timoteo

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