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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (4322)3/6/1998 9:57:00 PM
From: Bill Wexler  Read Replies (3) of 18691
 
CORRECTION: MONDAY MARKET PREDICTION

biz.yahoo.com

Analysts are now starting to get concerned about the earnings slowdown and the high, speculative multiple.

I predict that earnings estimates will be cut again as a result, so now when companies report their Q1 #s, they'll come in above the downward revised estimates and the market will continue higher.

I see the market closing up 250 on Monday - except CPQ and INTC, which will close lower of course. Yahoo will close at 125 after announcing a new strategic alliance with cybersocks - the online sock merchant.
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