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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (15287)11/10/1998 9:31:00 PM
From: larry  Read Replies (1) of 18691
 
Roger,

Old shorters have covered and got killed, yet they are quitely replaced by new short sellers. I see that the short interest in YHOO! and Ebay going up today as evidenced by not able to borrow shares from several internet discount brokerage houses.

And don't forget that Nasdaq are about to shoot up 30+ points tomorrow. INTC is going to set a new 52-week high. DELL is going to test 75, and MSFT & CSCO are about the break the old highs within days.

In such environment, I do see internet issues skyrocketing again. Issues like Ebay looks to have another 20-30 points to go before a mini-crash, YHOO! is gonna test 200 within the next two sessions.

larry!
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