Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: hal jordan who wrote (7152)	4/16/1998 4:27:00 PM
From: Mama Bear	Read Replies (3) of 18691

>>>From a logical point of view you are correct. However, we have speculative mania going on right now. This kind of situation never ends pretty. That is what I'm counting on. Just call it overt greed.<<< Why not wait until it shows some sign of ending? I recall the start of the year how many folks were saying that YHOO would fall, just because the folks with capital gains would sell on 1/2 because they would be able to defer the taxes for a year. Yahoo! was at 70 then. It's near 130 now. Why do you think it's near it's top? I'd rather short it at 100 when it's in a downtrend than to take a chance with topticking it at 130. I just have to much respect for my capital to take the risk of shorting high flyers anymore. There is too much absolute garbage running up in this speculative frenzy. Take a look at FINE for an example. I managed to short some at 5 25/32 today. Target of 4 1/2 or so. DRMD, PNDA, ENML, etc all go through these runs and I'm able to pocket 10-15% in no time because I know there is no siren song calling, no greater fool out there that will break me. Good luck top ticking the momentum monsters. I truly hope you'll do it. Barb

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