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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Pancho Villa who wrote (11486)7/14/1998 12:43:00 PM
From: ItsAllCyclical  Read Replies (1) of 18691
 
Anyone shorting EGRP (E-Trade) or AMTD?

I'm long on both but would welcome other opinions.
Both stocks have just started to break out above their 50 dma and 200 dma. EGRP now has money to acquire more market share (already #2 by a solid margin). Both have high short interest (reason for previous peaks 1 yr ago). Cheap compared to sector. There are other reasons too, but unless someone is short I won't go into it further.
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