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Strategies & Market Trends : Roger's 1998 Short Picks

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To: larry who wrote (10706)6/30/1998 5:03:00 PM
From: space cadet  Read Replies (3) of 18691
 
Larry, I see you agree with me on YHOO. That stock is on fire. Wish I had been conscious enough to buy some when it recently fell near 100. Oh well, maybe next time. 200 is a sure thing. I see it at 300-500 over next several months. Today the market looked weak. I don't know if msft can hit 110 by Wednesday, as Wednesday may be weak again. However, the day before and after holidays are almost always strong I remember reading somewhere. Thus I expect Thursday and Monday to be very good days. Does today's weakness concern you, or is it just a blip in a strong summer rally? I see msft at least managed to recover. So far the rally has been fairly narrow with just the top stocks and the internet crazies marching ahead. Actually that is good for me because I plan on dumping most of my msft into other stocks that haven't moved yet and report earnings later in July. Do you still have your Jul 100's on msft? I still have my Jul 95's but I'm planning on exchanging them for some Aug calls soon, still considering which ones.
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