Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: ItsAllCyclical who wrote (6864)	4/13/1998 9:33:00 PM
From: Roger A. Babb	Read Replies (4) of 18691

Jim, mast and synt may be good shorts, but I have no position in them. I am still long KEA. I have two investing rules that I almost never violate: 1. Never go long a stock with bad management, these guys could mess up even a sure thing. 2. Never short a stock with great management, even if they are selling snow in Alaska, these guys always find a way to win. KEA is in the second category. I also put FSTW in this category with John Keene on the FSTW Board. Rule 2 saved me from an ugly loss on ELNK last year. Several on this thread were shorting ELNK and it looked very over valued. But the name of the CEO rang my memory bells and after a conversation with him I recommended against shorting it, the rest is history. There are so many companies out there with bad, even coniving, management that there is no reason to short good management. I bailed out of an IKOS long last year because of rule #1 even though I really like their technology. It dropped by 2/3 and I bought back in at $7. The technology is still good, but rule #1 is still violated and I am losing on the position even in this bull market. Winners keep on winning and losers lose.

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