Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (5150)	3/17/1998 7:27:00 PM
From: space cadet	Read Replies (2) of 18691

I believe the hi-tech market at least is being maintained and manipulated by the big boys seeking to have all those options they bought or sold expire worthless this Friday. After Friday I think we may see the start of a 5-10% correction. So hold those shorts till next week guys the collapse should be here soon. At lot of irrational behavior in the stock market can actually be explained by short term option manipulation by the big boys, and I think that now is one good example of this. Incidentally as a short I am seriously considering mcrl, p/e of 49, price near all time high, apparently they haven't heard that their sector is having some tough times lately. If this one warns or misses it should fall a long long way. Some more good news for shorties: Tom Kurlak, probably the most successful analyst/predictor in the few years I've been following stocks says "In a note outlining his neutral rating on DRAM giant Micron Technology (MU - news), Kurlak said, ''It is still not too late for investors to avoid what is shaping up to be a 64 Mb bloodbath, in our opinion.'' Overall semiconductor market growth is expected to remain ''below trend'' for another one or two years, he said. biz.yahoo.com

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