Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Mama Bear who wrote (13371)	9/1/1998 2:07:00 PM
From: virgil vancleave	Read Replies (1) of 18691

Just got home from work for the day. Looks like market is starting to fade now. Very typical of aa bear market. 2 hours to go and if it finishes down from here, it will have a hard time finding a bottom. I see the dow actually touched some support at around 7400 which I saw and posted about a few days ago. Now there is resistance at 8000 and it would appear to be pretty strong. I covered some shorts today though and may consider reentering. The market internals say we are still going down further. Covered tklc, sctr (again). still short pixr and have puts on lhsg. I am also considering a straddle on dell and puts or shorting intc. Oh and I am long term short nke. It will be interesting to see where the market takes us from here. My opinion is more to the downside but I am not very committed to that yet. Just seems the decliners keep leading the advancers. That is very bearish. good luck

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