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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (10896)7/2/1998 5:54:00 PM
From: Jimbo Cobb  Read Replies (2) of 18691
 
The difference so far in this incredible rally and some other "bubbles" we have seen burst is the fact that even though the valuations are getting way out of hand here, the garbage stocks (like KTEL, CYSP, LOCK, IDID) aren't skyrocketing...the ones skyrocketing now are good companies with good products....nobody seems to know how to value them, but they are worth a great deal more than nothing, which is nearly what some of the stocks were that have skyrocketed in the past during such "bubble" periods...

If/when the garbage starts flying, then it's time to head for the exits on the good stuff as well, IMO...

Mark.
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