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Strategies & Market Trends : Roger's 1998 Short Picks

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To: larry who wrote (16546)1/4/1999 11:32:00 PM
From: McNabb Brothers  Read Replies (2) of 18691
 
larry,

Arrogant or not I like it when people do not beat around a bush and go straight to the point! I've been bullish for some time myself and have put out many warnings about shorting the internets also. I agree with you 100% on not shorting the leaders like MSFT and CSCO, and in due time the internets will be able to be shorted, but not now in my opinion! Not taking away from Roger, but I think I can make a list of internet stocks that will be trading much lower in a year from now, but not sure I could withstand the pain they may cause until they break! If one shorts a portfolio as Roger did today with a million dollars that person better have have at least 10 times that amount to hold out for the short squeezes and just plain old fashion bull market that is taking place in the internet stocks. I use to believe most of the moves were caused by short squeezes, but have decided there is more to this move then just shorts covering. I believe most shorts have learned their lesson by now in most of these. I believe I will wait and make my move with my real money and my play money at a latter date in time!

Hank
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