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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Bob Trocchi who wrote (10510)6/24/1998 7:45:00 PM
From: JOHN CHEN  Read Replies (1) of 18691
 
Bob- I like what ATHM does but I too believe the price is out of wack in consideration of its p/e which has no earning. However, as I stressed many times, ATHM has a bright future.

I don't invest in stocks don't have any earning and I certainly don't short stocks have a bright future- too risky- short squeeze is very painful as I am sure Roger is finding out- he shorted YHOO, AMZN, ATHM- if he still has them, he's close to CH 7.

I invest in stocks with low p/e, good earning and strong cash balance. And I must be familiar with the business. Being familiar in certain sectors of tech business, I try to use that to my advantage.

I invest in SEG- the leader of the disk drive business; I invest in MSFT- the biggest monopoly in the world.

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