Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (4973)	3/14/1998 12:59:00 AM
From: Joey Two-Cents	Read Replies (1) of 18691

CCI is up 20% since mid January. However if you look at their 97 earnings they had $ 250M in Asian exchange losses. The market is in a mania with even the traditional bulls calling for a pull back. The ironic thing is that although the bear and bulls call for a pullback they remain fully invested. Years ago to be a bear meant sitting in cash now it means hedging your longs with some shorts and puts. Eventually the game will end but we may see 10,000 before we see 5,000. I'd rather go with LEAPS in this market at least I have a longer time frame and can profit from short swings as well as long term trends. biz.yahoo.com

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