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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 (6271)	10/29/1997 4:53:00 PM
From: Blue On Black	Read Replies (1) \| Respond to of 9285

Roger, I am speculating here...but I think that a lot of Asian money might feel safer in our market. As some of the foreign currencies slide against the $ valuation, it makes sense - even more when you consider worst-case scenarios of 'Chinese' influence. There is not enough exports,percentage-wise, to Asia to hurt the US economy or market significantly. I don't have enough knowledge or experience to gauge the full effects on the Pacific Rim economies but it looks like it would buoy ours even higher. lee

To: Roger A. Babb who wrote (6271)	10/29/1997 5:01:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 9285

I am right, we can expect Asia to dive again tonight. Roger I feel the same way. Last time we both felt the sameway, the exact opposite happened. -g- I am thinking that the shake out isn't over yet. At least we have to test 7000 one more time. Is this your take also? Regards. -Mohan

To: Roger A. Babb who wrote (6271)	10/29/1997 5:03:00 PM
From: Hank	Respond to of 9285

Roger, I agree with you. Most of the blues didn't appear to do that well today and the recovery of some of our favorite topics, ie YHOO, DDIM etc, seems to have been short lived. Those that did make gains did not have an outstanding day from what I've seen. It's like we're tip toeing through the woods in the dark and trying not to step on any land mines. Hank

To: Roger A. Babb who wrote (6271)	10/29/1997 10:36:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 9285

Roger, I sold out my Templeton Dragon Fund which I'd I bought yesterday this morning. (At a very nice profit.) It proceeded to deteriorate all day. I felt that this was telling me that HK would go down again tonight. (Looks like it had, about 3% on the open.) Also sold MDCO for a profit. Besides my small (and profitable) position in BROC, I now hold only a small position in Giant Industries which I added today. I am going to be looking-over the oil sector tonight, but from what I saw today it looks promising for longs. Oil stocks did not have the unreasonably recovery reaction that the tech stocks did, and many that fell are still near their low. We seem to be entering a period of some international instability, and this is always good for oil. I don't know if I will have the opportunity to buy Intel Warrants for 50 again (which I'm afraid I passed-up) but I'll bet I have a chance to pick them up at close to that price. I doubt that they will offer such a profit opportunity in only a few hours this time, though. If we get another leg down, go back to my list of stocks that were plunging from the 50ma to the 200ma. They would then be good candidates to drop through the 200ma, like so many stocks already had.

To: Roger A. Babb who wrote (6271)	10/30/1997 8:12:00 PM
From: Market Tracker	Read Replies (2) \| Respond to of 9285

Good evening Roger, T " The rebound yesterday (Tues.) was extremely strong. But I had the impression today that the market was trying to go down and there was some sort of contrived floor holding it up. Did anyone else sense that or is it my imagination? If I am right, we can expect Asia to dive again tonight,(Wed.)" The general market has experienced IMO some rather odd happenings the past few days. After reading your above post, I tried to be consciously aware of that perception today, (Thurs.). During mid-day trading, the averages generally traded in a fairly narrow range, but on enormous volume. Do you think the mutual funds have been taking profits, but only to the extent they can without driving the general averages significantly lower. Could they be dribbling out stock to Joe "man-on-the-street"? Many fund managers' 1997 bonuses could now be safely locked in for the year if they so desired. It becomes the time of year when the 1997 total return numbers for the funds could be realized. The numbers that will appear in next year's prospectuses can now be locked in, as well as the bonus picture. Just my opinion, MT