Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Gil Gilbertson who wrote (16805)	1/9/1999 4:00:00 PM
From: virgil vancleave	Read Replies (2) of 18691

That is the exact reason why I established a short position in lcos friday afternoon. No support under it. Also noticed the movement in amzn when it was at 175 and falling quickly. That kind of reversal and retracement on such a high volume day is a classic right out of the textbooks. It means that the mania is very close to being over, if not already over. We may have seen the highs in many of the net stocks. My other short position is looking to be more in the money soon. Ticker is lhsg. Since the short interest was so high, I have puts with a 60 strike price. I found the following just today which will explain my reasoning for short better than I ca based on fundamentals. iionline.com the following will link to a chart. Notice the resistance in the 58 to 60 area and the fact that it is at 58 and the volume is low. The volume seems to pick up in the low to mid 40's, which looks to be a nice support area. clearstation.com Any other opinions? Good luck and am thinking that I should short amzn too.

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