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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (3782)3/1/1998 10:48:00 AM
From: Cosmo Daisey  Read Replies (2) of 18691
 
Pancho,
AVEI looks strong now. The insider selling seems to be from venture capitol and long time holders who are cashing in on the fruits of their labors rather than rats jumping off a sinking ship. Looks like normal profit taking in a stock that has done exceedingly well. Lots of stock sold in the 50's and the price hit a new high on Friday in the 80's. The momentum of the stock will crush the shorts. Just because the insiders and early investors are taking profits doesn't mean the company is in trouble or the stock price will decline anytime soon. Good luck to those of you who are shorting AVEI, I prefer to wait for weakness to show its ugly head before I put my hard earned money down.
Dr. Daisey
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