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

To: Andrew Hunter who wrote (7342)11/20/1997 2:40:00 PM
From: purecntry5  Read Replies (1) | Respond to of 9285
 
At least alls you lost was mostly profits. I was thinking of the poor souls short in the low 40's etc. In these times of mass mania and delusions, I am not surprised at RMBS action today. Hell, they will probably push it close to 100 before they get done with it. Good Luck.

Cowboy Brett



To: Andrew Hunter who wrote (7342)11/20/1997 4:16:00 PM
From: Hank  Read Replies (1) | Respond to of 9285
 
Andrew,

If you were paying attention, you would have noticed that RMBS starts trading options this week. If I had been short RMBS, I would have covered the second they announced this. Options almost always cause a stock to rally. Especially if it's a volatile tech stock like RMBS. Same thing happened with YHOO awhile back.

For those short AMZN, let this be a warning. They too start trading options this week.

Hank


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