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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Tenpole who wrote (12629)8/12/1998 10:46:00 AM
From: Blacksmith  Read Replies (3) of 18691
 
>>This latest pattern could be a run-up so the in-the-know
>>longs can get out at near the top

>Interestingly, the seems to be quite a bit of selling into
>this rise. My personal target to short from is $132 FWIW.

Still, this run-up requires quite a bit of buying. I can understand why people bought the stock when it was a momentum vehicle. However, that momentum was clearly over the first time it started dropping from ~140. I can't understand why anyone has bought a share since.
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