Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (17393)	2/12/1999 2:03:00 PM
From: Graeme Smith	of 18691

Roger, I'm probably using todays drop as some support, but I am surprised that you are covering your shorts. I think that the impeachment trial is a non event and was built into the market a long time ago. I don't think yesterdays rise or todays drop related to it. Yesterday was the standard buy on the dip mass mentality. However for a Nasdaq record the ADV/DEC ratio was unusually low. This is a pretty good indication that yesterday was just a blib in an ongoing correction. Graeme

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