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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Bald Man from Mars who wrote (7813)4/24/1998 5:08:00 PM
From: Pancho Villa  Read Replies (1) of 18691
 
>Okay, before I go in, Pancho-dude, telling me if you
can guarantee to get to 20 within 2 months ...<

You are asking me to assess with certainty what the irrational behavior of investors will bring. Two months ago my best guess on the probability of AOL reaching 75 and BFT reaching 35 was under 10%. Check a quote now and tell me how far they have been from these levels. The winds blowing into the market now have not been witnessed in a long long time. A down day is an aberration. Look at these charts:

quote.yahoo.com^DJI&d=3m

quote.yahoo.com^DJI&d=1y

quote.yahoo.com^IXIC&d=3m

quote.yahoo.com^IXIC&d=1y

quote.yahoo.com

Pancho
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