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

To: S Shaw who wrote (7023)	11/14/1997 10:11:00 PM
From: Pancho Villa	Respond to of 9285

ESS: RE: Thanks for the info on LLY. Definitely a trouble stock. I placed a day limit order on it at 65 and then cancelled it. Something didn't fell right. Buying 45+ p/e stocks is crazy in A MARKET LIKE THIS. For LLY you have a very high valuation in the one hand, in the other they have a terrific pipeline. I will not go long at this level, but I would not go short either. Two weeks from now these guys come out with a FDA approval for something and then you get killed! Pancho