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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Kip518 who wrote (2011)1/30/1998 8:02:00 PM
From: Pancho Villa  Read Replies (2) of 18691
 
Ron: excellent analysis on WDRY acquisitions. The $1,000,000 question is for how long they can keep playing the expensive "revenue buying" game. Again, based on return on assets this is a terrible business, but the extreme overprice situation may go on for a while... Investors needs to be hit flat on the face before perceptions change... The way investors have pumped up the price of this dog amazes me. Should we clasify it as a momentum/high flyer stock and wait until it start breaking down before shorting?

Pancho
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