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Strategies & Market Trends : Roger's 1998 Short Picks
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To: stsimon who wrote (18022)4/10/1999 10:20:00 AM
From: Dale Baker   of 18691
 
"Will push" dubious deals? These junk IPO's coming out now are mostly garbage. Give them 30 days to tail off without many shorts, then they bounce on the first underwriter recommendation...then once the supply is so huge and the general market pulls back, we won't know where to start shorting all the crappy companies. This makes the Y2K craze look like a small town Sunday picnic. Imagine dozens of weak sisters to aim at all at the same time.

In the meantime, I continue to go long on some because that's where the money is flowing.
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