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Strategies & Market Trends : Roger's 1998 Short Picks
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To: craig crawford who wrote (2771)2/12/1998 8:20:00 AM
From: Pancho Villa  Read Replies (1) of 18691
 
>>I will just sit back and let people like Cramer take COMS higher because it is the only thing that hasn't rallied and stocks like <<

IMO Cramer does move stocks. Too bad I am not a good short term trader. With COMS, I think you are right staying out. I am still long. Just gut feeling but the numbers may be OK to good this time. Overseas people are getting into the net at a higher rate than here and all the know there is USRX modems. Don't know much about the health of their networking/nics business, but if CPQ had a good Xmas probably so did COMS. Also, palmitop sales diruing Xmas I think were good (don't know how important to them). One more guess at the rate people want to jump on the net and people in Asia liking gadgets, the latest electronics and following the trend it may even be that in some of this countries networking business stays flat or pick up. One last thing, in this crazy market, people pick the highest price stock in a sector and then use at benchmark to decide how much others are worth, pretty sure rigthly or wrongly more than one "wise(?)" guy is thinking COMS is a good buy based on CSCO's price.

The above analysis is quite empirical but this are my reasons for not selling COMS in a season when most I have done is selling. I am always 2-3 weeks too early in all my trades so my advise (free so be careful) is to probably stay away from COMS for longer than a couple of days.

Regards,

Pancho
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