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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Bob Trocchi who wrote (12082)7/28/1998 4:12:00 PM
From: space cadet  Read Replies (1) of 18691
 
Wow! What a disappointing day from a bull's perspective. Yesterday looked like a turnaround day to me and I expected to see the market go up substantially today. While the tech's opened strongly they almost immediately faded and never really made an attempt at a comeback. Today really has me spooked. I still have quite a large long position and I am starting to think that this really is the correction that I thought was coming in the fall. If tomorrow is as ugly as today then I'm getting out of my longs. Incidentally congratulations all you amazon skeptics for keeping the faith. Looks like you have been well rewarded for it. There were decent arguments for aol and yhoo but amzn was always an imposter in the temple. If tomorrow is really ugly I may start my bear portfolio a little earlier than I planned. Looks like August is going to be a really interesting month...
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