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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Bill Wexler who wrote (3754)2/28/1998 9:51:00 AM
From: Oeconomicus  Read Replies (1) of 18691
 
hasn't anyone commented on the fact that the 30yr yield has been ticking upwards

Bill, there's a dip I'd buy. Your observations about the signs of excess are similar to mine, especially "Bearon's" ironic cover story last week. I think that's a keeper; frame it with the coming crash headline.

BTW, speaking of Cramer, did you hear him on Good Morning America about a week ago advising investors to "buy any stock that announces a split" (or something to that effect; it's not like I recorded it<g>). Now how exactly does that bit of advice fit within the prudent man rule?

Then you have AMZN turning over its entire float and short interest in two days, up 12 or so, and YHOO doing pretty much the same thing (and both with a flood of insider registrations lately, the squeezes coincidentaly coming right at the end of their selling windows) and the bulls on those threads take it as a sign they are headed much higher.

Back to Cramer, I wouldn't be surprised to hear him say that he unloaded all his YHOO yesterday.

Bonds are a buy here though IMO. BWDIK?

"Folly is wont to have more followers and comrades than discretion." - Cervantes

Or are we just tilting at windmills?

Bob
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