Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Joey Two-Cents who wrote (7539)	4/22/1998 10:39:00 AM
From: Lama	Read Replies (1) of 18691

Another one to add to your list. PSFT released earnings yesterday: Revenues from license fees for the first quarter of 1998 increased 64% over the comparable period of the prior year. Revenue from services for the first quarter increased 100% over the comparable period of the prior year. Three-month earnings per diluted share of $0.13 vs $0.07 for the same period a year ago. Stock price: DOWN 4 to 51 15/16 What a market! Moral of the story: Go long on companies reporting losses and short the ones that report good earnings!

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