Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Kailash who wrote (16945)	1/12/1999 5:37:00 PM
From: BelowTheCrowd	Read Replies (2) of 18691

Tomorrow will most likely be up, big time. The premium on YHOO was too much, but I picked up some AMZN calls today, looking for a quick short-term gain and limited downside. Still, I maintain that this week could be the last hurrah from these stocks for a while. YHOO's earnings are not likely to be sustainable next quarter, without the seasonal strength. AMZN has already been talking about their problems with margins. ATHM has accounting problems. (I believe that MANY, if not ALL these stocks will turn out to have overly optimistic, if not actually fraudulent accounting.) Even Cremer has been talking about "taking some money off the table" as a prudent strategy. I would not hold anything for other than the very short term. mg

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