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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Mama Bear who wrote (7157)4/16/1998 4:36:00 PM
From: hal jordan  Read Replies (1) of 18691
 
Barb,

>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.<

Exactly. The garbage is running up. That is a sign of a near top. Also, I don't short. I only buy puts. My losses are limited to what I have purchased. This mania cannot last another 4 weeks. Not at 5 or 10 points a day. Insanity!

Hal
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