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


To: CalculatedRisk who wrote (6496)11/4/1997 10:04:00 PM
From: Pancho Villa  Respond to of 9285
 
CR: >>This short is a valuation play and I intend to hold for 1 to 2 years. <<

Agree 100%. This company will probably keep posting good news and ahcieving modest revenue/profit growth but there are only 26 months to 1/1/2000 (or is it 1/1/00?)and time flies. They will never develop the type of operation that will take them from revenues of 2mm to revenues/profits that wuold justify the market cap of what is it 150mm+.

PS: as someone else in this threath already did, I also want to thank you and the other veterans in the group for the valuable info and advice at a time when I was desperately looking for "safe" shorts!!!

Probably one day I will have the chance of buying you and Roger and etc., a beer (if you drink)

Pancho



To: CalculatedRisk who wrote (6496)11/5/1997 1:54:00 PM
From: Pancho Villa  Read Replies (1) | Respond to of 9285
 
CR: shorted ACLY today at 223/4 for 3.8% of my brogerage account's net value. For perspective, my largest long position is COMS accounting for 7.3%. I am giving you these "irrelevant" details as I would like to have your opinion on what you consider appropriate for a single short position (taking of course into condideration that some shorts are riskier than others).

Looking forward to your input.

Pancho