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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Don Westermeyer who wrote (17010)1/13/1999 6:55:00 PM
From: RockyBalboa  Read Replies (1) of 18691
 
With the concentration on the IPO, the sympathy plays also should cool off, lack of volume reads here, lack of real buyers. So the only one which buy are the MMs and the shorters.

It was nice to see how the MMs defended the $36 line in DBCC with tooths and claws. Read: the volume near the $36 was that high and dropped off quickly. So the stock then..

MKTW at $150 means some $22-25 in DBCC, without tax and liquidity discounting. So it looks safe, however already very crowded. I doubt that the demand for MKTW is that high. A 10x is not really likely.

I think also SPLN will get a bit off the sky.

C.
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