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Strategies & Market Trends : Shorts waiting to happen

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To: zx who wrote (20)	5/18/1996 10:52:00 PM
From: Yo Eleven	of 852

Arnold, to tell you the truth, in this kind of a market, where the money is pouring into stocks at record rate, there are not too many good short opportunities. Many high tech companys are carrying a very high pe multiples and still moving up. Even companies that are losing money are moving up due to the projected growth for the next five years. Still, the market is very efficient. Any hint of a growth slow down, and the stock gets killed immediately. Everything happens instantaneously in todays market, upside and downside. You really have to be a stock picker to make any money. Long or short. Another interesting play this year has been Micron Technology. Seems it has found a range between 30 and 40. Short when it gets close to 40 and long when it is near 30. With this kind of pressure in the DRAM market, it will be years, before this one gets close to its all time high. Let me know what you think. Best wishes.

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