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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Don Westermeyer who wrote (17179)1/22/1999 10:33:00 AM
From: Franco Battista  Read Replies (1) of 18691
 
This i-nut sell-off is very controlled, there doesn't seem to be a sense of panic by the sellers, even though most of the stocks are off about 50%. It's as if they don't really believe this is happening and they expect things to get back to normal soon. It amazes me to see the resilience of those i-nut bulls. Shouldn't we expect some kind of panic sell-off before a big spike-up in the sector? Also, I believe we can make money both ways on these, we should short the next run-up and then go long the leaders if they correct 70 to 75% from their highs (AMZN at 50$, YHOO at 150$).
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