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

To: NYBellBoy who wrote (6619)	11/7/1997 1:58:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 9285

I have to confess I didn't do any DD on YURI; I was looking for some good shorts before the open and saw YURI's chart, earnings and PE. Whatever they're doing, they ain't doin' it right. I'm playing all my shorts today with tight stops to avoid any whipsaws, especially in YHOO. I was amazed I was filled at all, yet YHOO shorted 200 shares very quickly at the open. YURI is farthest ahead so far. Once the dust clears, I'll take a closer look and see if I want to keep this position long term. In a weakening market with the Fed meeting approaching, I probably will. They take the sting out of my long losses. Good luck all.

To: NYBellBoy who wrote (6619)	11/7/1997 3:03:00 PM
From: mattie	Read Replies (1) \| Respond to of 9285

I mentioned Yuri on this thread a few weeks back. I shorted it at 34.50. Looks like we are going to test support at 16 soon the way the stock has been acting. No minimum purchase agreements from LU, Bay, and At&t. Lots of expectations in the stock and there are now worries they can't deliver the earnings. Plus I heard some negative comments come out of the AEA on Yuri. I think it will trade down tword it's IPO price if not lower. At 170 times earnings and 17 times sales it is still very overpriced.