Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (12415)	8/5/1998 2:05:00 PM
From: Hank	Read Replies (3) of 18691

Roger, I have backed out of my INCL short at 5 3/8 (the price I shorted it at). I have done this for two reasons- 1) If there is a remote chance that the buy out is true, I don't want to be caught with my pants down. 2) Even if the rumor is BS, which it probably is, the hype may send the stock over $6 anyway. In fact, the stock has traded in an upward trend all day on over double yesterdays volume. Not a good sign for shorts. Money flow is positive too. If it pops over 6 on no news, I'll short it again. In the meantime, I am pleased to see my other shorts performing as planned, especially APEX and ADTN. Hank

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