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 8:52:00 PM
From: larry	Read Replies (1) of 18691

HJ, I can't agree more with Barb on this one. The speculative game can't go on forever, but it can certainly last longer than you can imagine and sustain (unless you are another one of those rich shorters who claim that they will wait patiently for their turn while taking a 500% paper loss). Anyone who predicted that yahoo! would be at 128 today 6 months ago would have been regarded maniac, and yet... Longs are clearly driven by greed now, but those who are so desperately wanting to short this issue is also absolutely DRIVEN BY GREED. It will be 100 fold safer to short this issue when a clear down trend is formed than shorting at current level. Why risk getting hammered for 30+ points for a several more point gain? This is also indeed insane. I am currently still long Yahoo! but have reduced my position to a level that I won't care if it drops 20 points a day. I will sell it whenever I see a SELL signal and immediately go short. good luck, larry!

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