Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Nevada who wrote (4550)	3/9/1998 3:57:00 PM
From: Ploni	Read Replies (1) of 18691

we must each consider when we are going to exit This is very difficult. Several weeks ago, I was thinking of covering YHOO for a small loss, at 59. I wish I had covered. I wish I'd gone long. But I hoped that the tide had turned, and the stock would drop to where I'd have a gain. If YHOO again drops to 59, will I have the courage to remain flat, or will I cover and exit flat, after months of absorbing pain? Is it reasonable to expect that some of these shorts will fall 90%, based on valuation alone (excluding the stocks that have some fraudulent aspect)? IMPX went from 1 1/2 on 3/16/95 to 23 1/2 on 5/7/96, a run-up even more impressive than YHOO's and AMZN's. Now it's at 1 3/32. Can the same thing happen to YHOO, AMZN, et al?

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