Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Hank who wrote (14965)	10/31/1998 2:16:00 PM
From: RockyBalboa	Read Replies (1) of 18691

Hank, I'm aware of MSTR, and their poor earnings situation. Why did I refuse to short it? The ending of a lockup may be an entry point but nothing can be said that shares will hit the market immediately. Last year CIEN lockup ended, attracting some short positions, but CIEN tacked on and doubled until this year. BRCM lockup send down their share price for a very short period, but now it is like nothing happened, BRCM back in the 80ies. MSTR: Sure they came down from 40 in a few weeks. For me it was no surprise if it was propped up to 30+ in the very short term again given that manipulated market in MSTR. For the next weeks, given a poor market action, the favourites should be: DTLN if there is a borrow (but it is not my short favorite!) CNWK re-visiting low 30ies DCLK as their run-up should fade and they should turn low 20ish TNSI should cover safely at 18-20. CIEN finally as I do not believe the merger speculations yet. CIEN emerged from a way oversold state and could rise to $25 for a moment. Finally, CIEN will revisit $10-12. C.

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