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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Roger A. Babb who wrote (16322)12/21/1998 9:37:00 PM
From: McNabb Brothers  Read Replies (2) of 18691
 
Roger,

When the bubble burst I think all stocks will be hurt including low priced stock such as FSTW! If you agree with that statement should one sell stocks like FSTW? On the other hand one needs to position themselves into long term core holdings, and in the internet field I think CSCO and MSFT are much better investments then the true internet stocks! As one pointed out to me the other day, during the gold rush the people that made money were those that supplied the goods that the handlers needed such as Levi's with their jeans and those that made the picks and shovels! As is today I think there will be a many an internet stock go by the way side, but those that supply the goods to run these internet companies will be very profitable!

Roger, do not fight the Fed and do not fight the trend until either the Fed tightens or the trend breaks, and right now they have neither been broken yet! The shorts will have their day and I hope to be right with them, but until then as the old saying would go "do not step in front of a train" needs to be change to "do not step in front of the bullet train!" Still very bullish on the whole market and we will see a blow off to all stocks in due time , but now is not the time!

Hank
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