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


To: Pancho Villa who wrote (6948)11/13/1997 8:03:00 AM
From: Pancho Villa  Read Replies (1) | Respond to of 9285
 
TO ALL: BE CAREFUL OUTTHERE!

I see so many tech stocks at bargain basement prices(?). Some of then I am long. Some of them I was long and sold a substantial profit but before pulling the long trigger, I look at a Nasdaq chart and saw that there is significant potential for significant decline. Don't forget the nasdaq was at 1200 somwtime this year. Have a look. I must add I am not a great fan of technical analysis but the nasdaq went too high too fast! have a look:

quote.yahoo.com^ixic&d=1y

No wonder! even year 2000 stocks enjoyed the rid

Good luck to all!

You may still go selectively long but be careful! (I am crazy I am buy some more COMS despite the beating I have taken