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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 (7812)12/4/1997 2:07:00 PM
From: McNabb Brothers  Read Replies (2) | Respond to of 9285
 
Roger,

I am already short YHOO but from a TA perspective I would be careful right now. It is making a big flat top with an inclining bottom. If it breaks out of the flat top resistance it could move up substantially. I am planning on riding it out if it breaks out as it is very overvalued at this level. It will evenually pay off but I would wait before adding to my position.

Mike



To: Roger A. Babb who wrote (7812)12/4/1997 10:49:00 PM
From: Mike Farrar  Read Replies (2) | Respond to of 9285
 
ASCEND Buyout rumors

What do you think of the sudden rise in ASND today from the
LU or NT buyout speculation rumors? Do you think that ASND
will tank out in the next few days? When would be a good time
to take a short postion or buy some put options.

Jeff