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


To: t36 who wrote (7964)12/7/1997 6:53:00 PM
From: Roger A. Babb  Read Replies (1) | Respond to of 9285
 
t36, sorry, not following WLA now. Maybe someone else will comment.



To: t36 who wrote (7964)12/7/1997 10:55:00 PM
From: Pancho Villa  Respond to of 9285
 
t36: I shorted at 147 and covered at 145 (I chickened out too fast).
I would not short at this level. it may go down but it is very likely to go up with all drug makers as everyone is saying the drug makers are isolated from Asia trouble. Look even AHP which I shorted at 703/4 and was lucky to cover at 693/4 for a miserable buck (in less than a week though)is now at 72+. This despite the the fact that sonner or later bad news about Redux lawsuits will start hitting the wire again. My wife tells me WLA's new cholesterol drug, Lipitor, is a rocket and a reason to watch out. The liver problem they reported was with the diabites drug. They still got one engine left. Valuation is ridiculous but YHOO's AOL's etc. is even more.

Pancho

Pancho