Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: larry who wrote (11555)	7/15/1998 4:50:00 PM
From: joe	Read Replies (1) of 18691

>>I don't like the INTC report at all. I believe that INTC is a good short and should be traded in the low 70s because there is no future growth in sight.< I agree. It shows me the liquidity of the market. (WS will make up any excuse to push INTC forward - I couldn't believe the volume on it either!!) >> And still believe that when the market corrects in late Sept. or Oct., INTC will see 68-72 again.<< Correction is probably coming. If you figure out when let me know. :-) Sept. or Oct. is too far to predict. I was thinking possibly this summer. >>It's now clear that DELL won't stop anywhere below 135.<< You probably mean, excluding consolidation and mini-pullbacks... >>And I will use any weakness (a pullback to 105-108 range as reentry point)<< One or two more days of DELL going forward, and I don't know how you can justify a pullback to 105-108. Is this wishful thinking on your part? $108 is about 3.5% away right now. I'm almost thinking of adding more to my DELL position. But I'm also wondering if I'm insane or greedy as hell :-) My only real indicator that I think can sum up this market is liquidity. If I find that it's drying up, I am selling DELL right away. I have to find ways to better measure it. Let me know if you have any good ideas. good luck, joe

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