Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (10498)	6/24/1998 6:28:00 PM
From: oexwa	Read Replies (1) of 18691

Pancho, You say you are getting killed on your internet shorts. It's window dressing time for the funds. How would you like to be a "growth fund" manager and not have some net stocks in your portfolio at the end of the quarter? Everyone knows they are overpriced, but some, like AMZN have gone up 50% in the last few days and the institutional ownership on most of these stocks is low. I look for them to continue upward until the closing date, but I don't have the nerve to actually buy any. I think the smart people that have been buying AMZN cut their teeth on Home Shopping Network back in '85 - 87. (New shopping paradigm, etc.) I didn't buy that one either. All I could do was stand there with my mouth open and bemoan the fact that puts were too expensive - thank goodness. Also closed out my ZITL short last week. With their new financing, they might actually become dangerous. Not likely, but possible. Regards, Bob

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