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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Kailash who wrote (16945)1/12/1999 6:41:00 PM
From: McNabb Brothers  Read Replies (4) of 18691
 
Kailash,

I've been bullish on the market for awhile now and I'm still bullish for the long term! However, today I sold covered calls on most of my core holdings. I have now turned negative on the internet stocks and sold a bunch of naked calls on AMZN yesterday and today. Sold the Feb. $200 calls yesterday and today for between $23 and $28 each. Will be looking at selling naked calls on YHOO after the split if it holds up between now and then. As far as tomorrow goes who knows, for if I did know I believe I could afford to be typing this post from somewhere much warmer and nicer then it is here in Arkansas. Just a wild ass guess, I will predict that tomorrow will be another down day and as far as the internets go, I believe we have seen the highs in most of them for some time now!

Hank
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