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

To: Franco Battista who wrote (7406)	11/21/1997 11:23:00 AM
From: Jon Tara	Respond to of 9285

Franco, it's called the "wall of worry". It's very frustrating to bears. In order to go higher, a bull market needs plenty of fear. Sorta like the scariest ride at the amusement park - would the lines be so long if it didn't supply lots of thrills? Of course, this provides bears with plenty of false signals that "this is it". Look back through this thread - feel free to go back a year or more. How many times have the furry ones growled "this is it!"? All in all, you probably can't call it. Crashes come so fast that nobody can predict them. Bear markets come on so slowly that nobody realizes it until you're well into it.

To: Franco Battista who wrote (7406)	11/21/1997 11:29:00 AM
From: Randy Elder	Respond to of 9285

To All: <The Nasdaq Short Sale Rule prohibits NASD members from selling a Nasdaq National Market stock at or below the inside best bid when that price is lower than the previous inside best bid in that stock.> I was under the impression that with Nasdaq reform, short sales should be executed either on upticks OR if they are within the bid/ask spread, and the quote above seems to support that. Can anyone verify if this is correct or not? If this is the case, would it be legitimate for a trade to be executed above a short limit price (without the short being exercised) assuming that the limit price is above the bid? Thanks for the help. Randy