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

To: James Connolly who wrote (7705)	12/2/1997 4:31:00 PM
From: Pancho Villa	Respond to of 9285

James: >>With regard to y2k companies do you think that they have max'd out yet ? there is another 2 years to go !!.<< James: this is the $2,000,000 question! my guess is that given the current market level and the poor fundamentals the upside risk in these stocks is not that great (however look at what a dog like ALYD did yesterday, up over $4!). People talk about the end of year effect (probabilisticaly dec is a good month), January effect people's bonuses effect, etc.,etc.,etc. Well the truth is that no one knows exactly what will happen. I am not much of a good short term trader so I have taken a long approach to it. Based on the prices at the time I shorted (I have posted my prices for each short trade), IMO, these stocks were extremely overvalued. However, if you were to ask me if I can give you a warranty that none of these puppies may see a 50% increase my answer is I can't. However I do believe that any such price appreciation would be a short term event and that the patient shorter should see the reward at the end of the y2k tunnel. Pancho