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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Ploni who wrote (3518)3/2/1998 10:19:00 AM
From: Ploni  Read Replies (2) of 18691
 
Subject: SEBL

Last Tuesday:Based on RSI and Stochastics, this one looks about ready to correct.

I'm already deep underwater on my SEBL short, and instead of shorting more, bought March 50 puts.

Of course, SEBL continued to soar, and my puts quickly lost 70% of their value.

This a.m., SEBL announced they will buy SCOP with stock. Both are still halted, I believe. Any ideas what this would/should do to SEBL stock? Am I correct that the biggest short-term hit will happen immediately, and I should sell my puts right away?

I guess in the long-term, it may be a few quarters before we hear how the merger goes, if it's accretive to earnings, or not.
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