Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Rashley who wrote (2879)	2/12/1998 9:14:00 PM
From: Pancho Villa	Read Replies (1) of 18691

>>I've had this in the back of my mind since Pancho's terrific illustration of WDRY 2 months ago. I'm going to wait for a couple more weeks before shorting...<< Rashley: Thanks for the compliment. IMO it is difficult to say when to jump in. If the selling [both longs holding and shorts selling what they don't have] gets heavy there will be no shoe [green or any other color] that will stop this puppy from a free fall. I started to accumulate about a week ago at around 28+. Conditions are complex. Some people think this market may hold/keep climbing until at least mid-march, but then again it may fall 10+% next week. Can't tell you what to do. I am considering covering my ZMAX, which I shorted at 12+ and is now at 6 and put the money behind this puppy. Pancho

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