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

To: McNabb Brothers who wrote (6559)	11/6/1997 5:50:00 PM
From: Roger A. Babb	Read Replies (5) \| Respond to of 9285

Mike, I shorted YHOO at 55 today and AOL is my next target. The market really looks weak and I agree with the earlier post about market earnings in total coming in below estimates. I thought we had enough momentum to reach 8000 before the next crash but it seemed to fizzle today. I hear a lot of individual investors talking about getting out of margin and cashing out stock bought with borrowed money. And tax loss selling season is upon us. My personal bull/bear ratio has dropped from 70/30 to 40/60, that being the probability of whether 8000 or 7000 is next. I will be at the BROC meeting and unable to trade tomorrow, left my accounts in a bearish mode. MSFT announced beta version of HYDRA today, the beginning of the end for Citrix in my opinion.