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Strategies & Market Trends : Roger's 1998 Short Picks

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To: clochard who wrote (6702)4/10/1998 10:54:00 AM
From: Pancho Villa  Read Replies (2) of 18691
 
>Anyone with 20/20 hindsight can now wish they were long YHOO, AOL, AMZN, and others.<

You bet I had my YHOO short more than double up, My initial AOL short position also doubled up! All this in three months! there were not many better longs than these stocks. I remember my/our joke last fall regarding flight to quality into stocks with no perceived Asian exposure, I/we were kidding, well it happened! The market is, more than ever, looking only at the next quarter: Who is gonna make it, who is going to disappoint.

>Why do we need to read about his "methodology" if we are marching to the beat of a different drum?<

I think we should be open to all kinds of ideas. You know, the Zacks BS has worked in the past. As someone said this is about making money not about being three steps ahead of the market. This being said I think there is a great risk in trying to make money this way. The Mutual Fund grave yard is littered with stellar performers in one year that then crash the next.

Pancho
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