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Strategies & Market Trends : Roger's 1998 Short Picks
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To: RockyBalboa who wrote (15579)11/18/1998 2:33:00 PM
From: space cadet  Read Replies (1) of 18691
 
No way for the market to go down here since this is options expiration week. Starting Monday we can see if there is any real weakness or not. If the market is going to be weak at all in the next few months it should be weak between Monday and Dec. But I'm beginning to doubt we see any weakness till sometime in March-April-May. That would mean all the puts bought in Sept-Oct expire worthless, which is the big boys goal. I think it will take some sort of external stimulus to cause any sort of correction. Of course, the weak and the cripples are still viable shorts but don't expect the overpriced hi-flyers to come back to earth anytime soon. And for the overpriced internet stocks, a la yhoo, amzn, ebay, etc. I am beginning to think it may be years and possibly even decades before they are valued on any sort of "normal" scale.
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