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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (6269)10/29/1997 4:33:00 PM
From: Blue On Black  Read Replies (6) | Respond to of 9285
 
Roger,
Perhaps, this violates the rules ofthe thread, but I have a general question for anyone with more (read 'any') international experience. I have been shorting ADR's recently and only recently covered. I have had second thoughts. Given the news on the 'Pacific Rim' - massive debt,over-capacity, monetary problems, general political uncertainies, and our investigations into campaign contributions from the region, it would seem that a massive short of companies from that area would be in order. Is there something else I should be considering? I would appreciate anyones thoughts on this.
lee



To: Roger A. Babb who wrote (6269)10/29/1997 4:58:00 PM
From: McNabb Brothers  Read Replies (1) | Respond to of 9285
 
Roger,

I know you are not a fan of TA, but thought I would let you know that CTSX has made a very good bull flag if you discount the Monday and Tuesday down bars. If Monday and Tuesday had not been such unusal days it would probably have been very uniform on the bottom of the flag. I am short and will look to add to my position, but will look for mid 80's before I short more.

Mike


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