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 (18058)	4/13/1999 9:07:00 PM
From: Market Tracker	Read Replies (1) of 18691

Good evening Roger and All, The valuations currently being placed on the internet sector issues has now far-surpassed my wildest dreams. With AOL now having a market capitalization 3 TIMES that of GM, I/We know the time is not to far away for a serious market re-appraisal. The current market is beginning to look a bit like a a blowoff top, with rank speculation the order of the day. This market has re-defined Tulipmania. The shorts should soon have their day(s). I began getting very defensive this afternoon, selling higher P/E issues for more down to earth ones, i.e. ENE. ENE is looking to have a fabulous next 3 quarters, and a great year. A stock split is not out of the question for them. Take a look at them, and I think you'll agree. Also FAF seems to be trying to find it's bottom. Geez, 4.4X earnings, ~$700 million in cash, and a dividend yield exceeding 1.5%. IMO the value investor is soon to be vindicated. Gary PS - On first glance this link looks pretty good. netcognizance.com

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