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Strategies & Market Trends : Roger's 1998 Short Picks
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To: bob s who wrote (17632)3/9/1999 12:09:00 AM
From: Dale Baker  Read Replies (1) of 18691
 
These valuations are insane, but they are a fact of life. They shouldn't be shorted unless you have a lot of margin, tight stops or an incredibly good sense of timing.

This is not the time for the average trader to short Internuts.

Going long CMGI gave me my best single day ever in the market yesterday. I'm glad you backed off on CNET. No reason to throw money into a low-float, high-short interest bear trap.

Wait until the next general Internut pullback. If you can get shares, CMGI usually retreats 30 - 50 % off new highs.
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