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 (13327)	8/31/1998 5:58:00 PM
From: Michael Berkel	Read Replies (1) of 18691

I haven't covered my Coke yet. KO is still highly overvalued here (50 times earnings and no prospected growth. Saturated US&Europe markets and terrible write-offs in the impoverished emerging countries). It seems to me that investors finally want to get rid of all type of inflated stockprices. AMZN's collapse was the perfect example today. Funny to read that you reduced your AMZN short position. You started this threat with a 30 target for AMZN. We were at 85 at the close today. Do you already see a bottom here or do you expect a quick reversal? Watch out for CYCH. Very positive comments, insider buying and a steadily increasing number of vendors. The momentum was there for a day or two, until the market killed it. It held out well in today's carnage. Happy trading! Michael B.

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