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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Scott Moore who wrote (13212)8/28/1998 6:17:00 PM
From: Marty Rubin  Read Replies (2) of 18691
 
Scott,
I tried to turn on the news and all I hear is Princes Die's anniversary. Do they have nothing better to talk about? Don't we all remember the 550 point drop last Oct.? All the way to the airport and while waiting for departure (delayed, of course) they were talking about the market and how the sky is falling. It ended up making new highs. I don't see it now and the technically the DOW is headed down and it's only time for the "funedmental" factor to drop by. We'll see how it does on Monday. The DOW is too close to its 8K mark (8051) and may brake it Monday for a psychological downward pressure. I'm looking at MRVC for a technical rebound. We'll see. Even the ones to short can bounce back (ex. ZAP up 10% to $12 and GMGC up 22% to 6 1/4) so it's better to just stick to the target price and move to the next one.
Have a great weekend,
Marty
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