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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Roger A. Babb who wrote (3607)2/25/1998 9:43:00 PM
From: Hank  Read Replies (1) of 18691
 
Roger,

I feel your pain. My longs were down today and my shorts were mostly up (except ZONA). When things get crazy like this, it's time to take numerous small profits when given the chance rather than wait for a home run. It doesn't feel as good but at least it's profits.

I'm sitting on the fence as to whether to stay on with my SPEH short. From a TA standpoint, it looks like it's going higher from here. If tomorrow confirms this, I will cut my loses and move on.

When the worst of the worst begin to move up in spite of themselves, it demonstrates the irrational exuberance indicative of a market top.

I said it before. I'll say it again. We are only a few weeks away from a major move back down. I feel it in my bones.

Hank
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