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


To: Pancho Villa who wrote (6947)11/13/1997 8:05:00 AM
From: vegetarian  Read Replies (2) | Respond to of 9285
 
AOL has a head and shoulder (if you look at the chart for last 3 months or so), it will be a good short when it breaks down below 70 on a closing basis the down side would be to 50; although I don't like the volume under the right shoulder (should have been lower than left/right for a good H&S pattern)
Options expiration pressure next week will push AOL to 75, so it may take some time to punch through 70.



To: Pancho Villa who wrote (6947)11/13/1997 12:30:00 PM
From: tcarnes  Read Replies (1) | Respond to of 9285
 
dear pancho, I don't short co. with price to sales less
then 10. I agree the co is worth 20-30 the real question
is how did they get as high as 70? and if they got there
why not 100. The problem is these co. can kill with no
logic or reason. Why take the chance. just buy more
zitl less risk and capital outlay. tj.