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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Pancho Villa who wrote (4650)3/10/1998 11:57:00 AM
From: Ploni  Read Replies (2) of 18691
 
I covered my YHOO short at the pullback to 85 5/8, for a massive loss.

Perhaps my covering will spark the instant collapse to $5/share. I wouldn't be surprised, as that's my luck.

However, I expect YHOO to resume its climb, and break 100. They may announce a split, which would especially facilitate this. I will perhaps reshort at some later point, but having already failed to successfully short this company on several occasions, I may instead strike it from my trading list. It seems to be much easier to short stocks that have problems other than extreme overvaluation, such as the allegations against AVNT, ZONA, BFIT, WDRY.
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