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

To: Roger A. Babb who wrote (7430)	11/21/1997 7:49:00 PM
From: JEFF CHAPMAN	Respond to of 9285

See Lehman reaction to CTXS selloff (pdf file): lehman.com

To: Roger A. Babb who wrote (7430)	11/22/1997 8:45:00 AM
From: KM	Read Replies (2) \| Respond to of 9285

Roger: Re your post on the RMBS thread: I meant shorts ought to have been attracted by a 17+ point move in one day from the standpoint that there almost certainly will be at least some retracement/profit taking. The day after the last huge move (in August, I think), it dropped 19 points. Hell, 5 points is 5 points. Same as shorting a cheap stock to zero, except it happens a lot faster. I'll take that bet. Got stopped out the first time but jumped back in. If starts to run on Monday, I'll conclude I was wrong and get out posthaste.