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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Bald Man from Mars who wrote (3889)3/3/1998 7:07:00 AM
From: Ploni  Read Replies (1) of 18691
 
What happened to your shorts today, did they all go up ???

No; SEBL dropped over 5 points. However, since I shorted it at a much lower level, I'm still not too excited.

How come this Bally dude keep making new high every day, can you
let me know when is it going to collapse ???


I assume it's making new highs because momentum investors think it will continue to move up forever. I imagine that it will collapse when 60 Minutes does a report on them, and that's followed up by Janet Reno announcing a major investigation, coupled with a general stock market crash. Sorry; but if I knew exactly when stocks were going to collapse, I would have already made my fortune, and I'd probably be on a beach in the South Pacific.
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