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

To: Franco Battista who wrote (7553)	11/26/1997 1:06:00 PM
From: vegetarian	Respond to of 9285

If that is true about AOL, I will be happy to short some more.

To: Franco Battista who wrote (7553)	11/26/1997 1:16:00 PM
From: vegetarian	Read Replies (2) \| Respond to of 9285

another one to keep an eye on is ABX (Gold stock). Has broken through rectangular consolidation and its support at 20. The Gold fundamentals are weak atthis stage, the Europeans are not interested in maintaining their reserves and speculation that gold likely to touch 275. The stock poised to hit at least 15; now only if I can get a bounce on this chart to short it. 20 and 25 are strong resistance points. Just something to watch...

To: Franco Battista who wrote (7553)	11/26/1997 1:55:00 PM
From: Roger A. Babb	Read Replies (6) \| Respond to of 9285

Franco, given the news that the Zitel CEO is dumping shares, I have concluded that there are no contracts on the horizon and increased my short position for the final leg down to $5. If Jack King had any hope of the stock price going up or even holding steady, he would have waited until January to dump so as to defer his tax liability for another year as he had big profits in those shares.