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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (8151)5/1/1998 7:42:00 PM
From: Market Tracker  Read Replies (1) of 18691
 
Pancho, when KTEL trades 12.6 million shares, and INTC trades 11.4 million shares, you can be assured we are into the mania stage of this bull run. I just can't see at this time what is going to pull up the reigns on this wildly-snorting beast. A colleague of mine once likened the market to a runaway train which cannot decelerate all at once, but takes quite some time to bring itself under control. Attempted market timing at this stage could prove injurious
to one's financial wealth. When the correction occurs, there will still be time to short to your heart's content. Always remember the trading volume is as important as stock price, however we can't spend the trading volume. :)
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