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

To: Lama who wrote (7875)	12/5/1997 1:39:00 PM
From: The Perfect Hedge	Respond to of 9285

I'm looking at CTXS too.It has broken it's upper bollinger band and is overbought in addition to the fundamentals that some believe are shaky.If this one falls it could be a huge winner for put buyers.Can anyone offer advice?I don't know much about their fundamentals but I'm willing to listen.GD

To: Lama who wrote (7875)	12/5/1997 1:54:00 PM
From: Roger A. Babb	Read Replies (4) \| Respond to of 9285

Lama, I increased my CTXS short substantially at $82, my average is now $80. But it may go higher before the end of the year, in which case I will short more. There are many investors with large profits in CTXS and it makes no sense for them to sell until January, thus there are few sellers now. This is true of many other stocks with big 1997 gains, thus my earlier prediction that December would be a strong up month. In my opinion we are at the beginning of a great shorting opportunity in many high fliers.