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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Oeconomicus who wrote (9516)6/1/1998 11:43:00 PM
From: larry  Read Replies (1) of 18691
 
R.D.B,

First, David has shown you that Nasdaq has gained about 100 points since its 97 Oct. high.

Second, I was just using EGHT as an example to show how wrong Mr. Short can be. In his famous Barrons cover story last September, he highly recommended EGHT and claimed that this was the only high tech issue he would buy and would keep buying (until it drops to 0). The fact is that he was absolutely wrong because the company was a total mess. CEO resigned, product had problem......well, the bottom line, is that it got a 50% haircut (without the recent upside move, it would be even worse). And the rumor has that Mr. Short sold all his shares between 8-10. Want to know how EGHT longs describe him?

Third, Mr. Short is the most famous DELL bears and have claimed that he heavily shorted DELL in the 70s and 80s presplit. I am wondering how much he made by shorting DELL. To me this is an absolutely horrible call and if a person is that stubborn to his bearish view when an issue enjoyed a 600% gain (I believe that he cried out shorting DELL at least two years ago), then what can you say about the credit of this person? The only word I can use is brave (and stupid).

Fourth, I agree with all of his data but don't agree with lots of his point of views. To draw a line between the current market and that of 1929 is at least oversimpification. And to call those who buy stocks at currently level insane is also ridiculous.

larry!
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