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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 (6405)11/2/1997 11:56:00 PM
From: purecntry5  Read Replies (1) | Respond to of 9285
 
Any ideas for tomorrows market action? I'll say fairly strong open with selling into the strength by the smarter investors. A retest of lows is unavoidable somewhere short term IMO.

Cowboy Brett



To: Roger A. Babb who wrote (6405)11/3/1997 12:18:00 AM
From: ET  Respond to of 9285
 
in response to post #6399....i would be careful shorting APA optics [apat]...... their brand new mfg. facilities are ready to go,they have hired some new key employees[a chief engineer from CIENA is now aboard]....they have a great website www.apaoptics.com



To: Roger A. Babb who wrote (6405)11/3/1997 1:51:00 AM
From: Mama Bear  Respond to of 9285
 
>>>Peter, actually it is not a good idea to short all the way to zero. Need to cover while stock is still trading.<<<

Well, one must take into account margin maintenance requirements as well. Waterhouse requires one to keep 2.50/share to maintain a short on a stock such as BXMNF. With the change in the tax law, it makes no sense to squeeze out that last penny or two. And hey, BXMNF was up 300% on Friday (.01 to .04 on 4800 shares).

FWIW

Barb