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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (9058)5/21/1998 1:00:00 PM
From: Mr Logic  Read Replies (2) of 18691
 
Pancho
I was short from 25+ and covered 1/2 in the 16s when it dropped there weeks back. If the CNBC piece reflects the investing community as a whole then it is not surprising that the stock went up. The trailer were about Accler8 having shown almost 300% growth... the piece started with that number coupled with 'but near half its high'.
So Joe punter says 300%? Half the high? CEO projects 70% growth next year? Year 2000? Must be a buy.

How come nobody questioned Tom to point out the fact that Q on Q growth was non existent, and that they did not have the Y2K products in the period he compares. Such an obvious question!

I'll be re-shorting next week.
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