Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: vegetarian who wrote (1957)	2/1/1998 4:09:00 PM
From: posthumousone	Read Replies (1) of 18691

hey MC thx i am learnign alot from this thread this is a neat site suretrade.stkwtch.com For TA COMMENT Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND Chart pattern indicates a WEAK DOWNWARD TREND Relative Strength is BEARISH Up/Down volume pattern indicates that the stock is under DISTRIBUTION The 50 day MOVING AVERAGE is falling which is BEARISH The 200 day MOVING AVERAGE is rising which is BULLISH LOOK FOR SUPPORT AT 12.45 WATCH FOR RESISTANCE AT 13.88 RECOMMENDATION STOCK IS A SHORT CANDIDATE IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY <<The company is producing $5M MTA architecture computers>> im not sure where you go t htis # the machine going to SD willrevenue 3.9M but they are palnign to sell ,, at first, 16 processor machines for 12M a piece......Salomon report forecasted 4 machines being sold this year <<How are you playing this one?>>> well this ppast year was a real learnign experience for me........first year in stocks.....just turned 30 so was doing mutual funds....got cocky thinking this is easy to make money.......think ive done every begineer misstake around..........with TERA a had 10k warrants when they called them early in june.....YIKES.....i really had no idea what to do......i looked for similiar early redemptions and saw that price generally went down so i bailed and lost alot!!!!!! luckily i was following this very closely adn jumped back in when slaomn issued report so i was able to ride it up adn make ti back and more.....still made many mistakes.....held on too long with hope that they were going to announce somehting big instead of reading charts.......EMOTIONALLY atached to stock for sure........did sell of over 14 buy back around 12, but soon as i sold my hands would get sweaty....oh gosh, now there going to deliever and i'll miss the boat.....i hung on in DEC when price was 17 becuase of tax reasons....not thinking to clearly again........sold part the 31st 15 3/8 adn the rest of the lots 15 1/4 on 2nd jan........i read a great book trading for a living that made me realize what a loser i had been as far as some of my decisions...it helped remove myself from stock adn be more logical (im an engineer dammit..im not supposed to be emotional : ) ---------- am i going to short......not yet, to much to learn adn to much i dont understand.........i placed questions on Yahoo board concerning placement but people didnt respond....as if its no big deal.........i am using this a learnign experience right now, lucky to be ahead .kinda sitting on sidelines.......figure with market as volatile as it is its a good idea to take break for a month

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