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 (15257)	11/10/1998 3:04:00 PM
From: larry	Read Replies (2) of 18691

Roger, I have a feeling that the market might see a near term top here. This is even worse as compared to the top we saw 4 months ago. This rally does not make sense in which even the crappy issues are rallying on pure speculation. When buying mania is spread around like this, and valuations is totally thrown out of the windows, and all the shorts are killed so mainly the longs are the ones that are feeding the rally, it has to be a top. I have a huge long position in DELL, yet I might consider shorting against my box at 75-80. The valuation is so extreme that it's scaring a diehard DELL bull like me away. larry!

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