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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Nevada who wrote (4550)3/9/1998 3:58:00 PM
From: Pancho Villa  Read Replies (3) of 18691
 
Nevada: >>I am 70% short- scmm at 50, amzn at 77 wdry at 24, and so forth so I am in the same boat as many of you. (Also avnt and zona short at significantly higher levels, thank God). I would remind all the shorts of two facts. First, when the market falls we will be rewarded. But note the large returns which we seek come at a price. A price we must willingly bear- that of absorbing the risk of the transactions. <<

Curious, my short exposure is pretty close to yours. I hope all the shorts in this thread read your post. In the US, I teach Management Science (my Ph.D. is in Operations Research) but I have a good knowledge of accounting and finance from my MBA/business days. I do teach Finance and Accounting in MBA programs overseas.

One question: do you have any suggestions on any material that may help me to learn to read financial statements of banks and insurance companies? I am quite lost when it comes to these puppies.

Pancho
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