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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (5363)3/22/1998 11:04:00 PM
From: Gokhan Gezmisoglu  Read Replies (2) of 18691
 
Have you ever ...

i) shorted an insanely overvalued stock at $20?

ii) rode the bitch to $25 in 3 days?

iii) covered at $25, lost your mind and went long?

iv) sold it at $40 one month later?

v) watched it go all the way up to $85 in less than a year?

If you have, than you will understand oil, Monica, Asian crisis
will not bring this market down. Something "big" has to happen.
I do not see anything that big right now. Well maybe if Greenspan
says enough is enough and starts selling treasuries like there is
no tomorrow and jacks up that risk free interest rate to 10% +.
I started to think Greenspan is fully invested in the market too.

There is only pain on the dark side these days!

regards,
Gokhan
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