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Strategies & Market Trends : Roger's 1998 Short Picks
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To: craig crawford who wrote (13662)9/12/1998 1:08:00 AM
From: 1-DAY-TRADER  Read Replies (1) of 18691
 
CRAIG...REf: BRCM.

Believe me when I tell you this: I HOPE YOU ARE NOT LONG BECAUSE I LIKE YOU :) TRUST ME, SELL NOW, AND BUY LATER. I WILL buy too, but not here.
It is pure stupidity to buy long now. NOT MUCH UPSIDE POTENTIAL HERE.

Remeber RMBS?? FROM 30's to 70's back to 40's in very short term.

I think RMBS has a great potential at this valuation, BUT BRCM IS SIMPLY WAY WAY WAY WAY OUT OF LINE in today's market. AGREE?

FYI, I shorted another 1kat 68 15/16, which I thought would not happen. NOW I wish it gets to over $70 to short another 1k and so on till $90. This is an ideal FAT short for me in this market, which could pay VERY VERY VERY WELL.

REMEBER RMBS? LOOK AT IT's CHART , AND READ ON THE INTC INVOLVEMENT IN IT TOO. I NOW TRADE RMBS ON THE LONG SIDE, BUT AFTER I made a hefty profit from shorting it in the same manner I am now doing it with this BRCM BABY :)

GOOD LUCK TO YOU AND ALL :)
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