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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Tom Hua who wrote (15288)11/10/1998 11:42:00 PM
From: Roger A. Babb  Read Replies (1) of 18691
 
Tom, I was two days early on YHOO, ugh. I was burned on KTEL last Spring, it is just not liquid enough to get in and out, also could stay up based on MSFT deal. No shares available on AMZN or EBAY (lucky for me, I wanted to short EBAY at $85). This whole thing is crazy and will end very suddenly, maybe tomorrow, maybe next month, but it will come back to earth. Who knows how much higher it can go first? I think we saw the highs today, but we reached the limit of my risk tolerance and I covered 50%. Sometimes you just have to retreat!
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