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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Doug Fir who wrote (8148)5/1/1998 6:41:00 PM
From: Pancho Villa  Read Replies (3) of 18691
 
Wow! This is what I call a roaring market! Just consider myself lucky to have stabilized in the last 3-4 weeks. However, any signs of recovery [given that I am significantly net short] are quickly erased. I try to look at it from the perspective of a mania in which stepping aside and letting this beast do its thing should be the proper thing to do but the more I look at the current prices (GTW approaching 60, NVLS close 50, DELL over 80, the internet stocks in the stratosphere, INTC over 80, the drugs at multiples close if not above 50, despite fundamentals that are not as good as this time last year) the more I tell myself this has got the be the greatest shorting opportunity of the last 30 years!

Pancho
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