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

To: purecntry5 who wrote (6605)	11/7/1997 8:34:00 AM
From: Pancho Villa	Read Replies (1) \| Respond to of 9285

Cowboy, It ain't gonna be a pretty day![for the longs!] My Yahoo screen shows "red" of at least 2-3% all over ASIA and so far in Europe. Let's see if the little guys [or the big ones] save the US market today. Pancho from my optimism, you may be lead to believe a have a net short exposure to the market. This is not the case I am net long 70.6%. Yet,yesterday, I went up 0.2% while Nasdaq when down -.85%. On a risk adjusted basis I should have gone (.85)*(70.6%)=-0.60%. On any given day this result may be attributed to chance but I do belive practice what I preach in my message a different twist on Spiders above can generate similar [of course not as dramatic] results long term . I will no doubt go down today but I thrive for volatility!