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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (18306)	7/19/1999 9:49:00 PM
From: SellShort	Read Replies (1) \| Respond to of 18691

Roger...yes they are way overvalued but if the internet goes down then no custumors and no profit and stocks go down ...so been thinking of shorting some around Dec and see... SellShort P.S. BUT maybe way before DEC alot of people just might be thinking of the same thing and a good fall off may be there

To: Roger A. Babb who wrote (18306)	7/19/1999 10:04:00 PM
From: Phil(bullrider)	Respond to of 18691

Roger, I continue to think that the market in general and the high flying net stocks in particular are overvalued. But I also thought that at half of today's prices I also have considered the market overvalued for some time now, which prevented me for a while from investing in the "bull market". I kept waiting for a major correction, which didn't happen. I don't really remember right now which year it was, but I finally jumped in with a purchase of LU @$48 when it was "overvalued", prior to the two splits. We have had a couple of blips down, but I missed them by investing too soon.<VBG> I have always considered MSFT overvalued, but could have made a bunch of dollars by investing in them at the same time, even though I felt it was overvalued. My point? I believe at some point in time the "Internuts" will crash. The catalyst? Who knows. I believe that at some point in time growth will slow to the point that people will value them in traditional measures. Will it happen soon? Again, who knows. I am long a couple of "high flyers", BRCM and ISLD, along with LU, if you want to consider LU a "high flyer", and am simply wondering about my exit point. It's not that I haven't taken some money off of the table along the way, but am simply wondering where it will end. I know no one has any finite answers, but always have enjoyed your input. Have fun, Phil