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 (2095)	2/2/1998 11:12:00 AM
From: Broken_Clock	Read Replies (2) of 18691

Roger, Actually, there is one sector that is apparently immune to the bull.The OSX and drillers were shorted into oblivion(PEs of as low as 6 and up to 17 with average for 98 PE right now about 10-12).The sector has the strongest earnings across the board of any sector but can't fight the mis-perception that lower oil effects earnings.Problem is for shorts, there is apparently little downside left.All the money was made is N0v-Jan.It simply amazes me to see worthless companies skyrocket with negative earnings qtr. after qtr. Apparently the "Greater Fool" theory had validity. Dave

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