Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (2012)	1/30/1998 8:30:00 PM
From: Kip518	Read Replies (2) of 18691

Pancho, if you look at Zack's, WDRY has 6 strong buys. If you look at the NASDAQ MM records (URL below) you'll see that nearly all the volume is coming from Alex Brown and Wheat, First Securities and Lehman. (Of course, Brown was the secondary underwriter and all of these houses issued a strong buy on WDRY in December.) Someone on this thread mentioned that underwriting houses offer 90 days support for issued shares. That could mean these brokers will continue to push WDRY at least through mid-March. WDRY is expected to issue earnings next Thursday, According to Zack's the estimate is for a loss of .23 (compared to -.41 last quarter). This will be something to watch. When to short? I have no advice for you. I am already short. Ron nasdaqtrader.com

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