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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 (8075)	12/10/1997 12:24:00 AM
From: Pancho Villa	Respond to of 9285

>>Most positions require patience.<< Yes, short term fluctuations are random in nature. Earnings move stocks and they come every three months. Sometimes to see a clear trend you may have to wai for the negative story to unfold. In terms of being patient, what helps the most is being confident about your homework. You may and up being proven wrong but at least you will be at piece with youeself. Now, if the story turns against you and you see it then be wise enough to sell and do not continue to hold just to prove you have b...'s. Pancho Also, it you are uneasy about the short but still like it cut your position to the sleep level. Hopefully covering at some profit. I did this with IPIC. Cut my position in half posted here a detailed account with a rationale for my action (interesting reading IMO)

To: Roger A. Babb who wrote (8075)	12/10/1997 2:05:00 AM
From: Bill Wexler	Read Replies (4) \| Respond to of 9285

-South Korea is near panic. -HK and Japanese markets are sliding again. -Wages are creeping up and the strongest labor report in years was just released. -There is growing evidence of a slowdown in corporate profits while the S&P is now trading at its historic peak. -Bonds can't seem to break below the 6% level. -They're talking about counting cars in the parking lot and short-seller conspiracies on the Iomega thread. -I've got people on the Yahoo thread telling me that $3 billion is perfectly reasonable for Yahoo because it is now a "global media company" that will someday "compete with CBS and NBC". Never mind that the current P/E is over 1200. -Never have so many people been so obsessed with stocks and the stock market. Therefore I guess the market is going up, up, up!!!! You know what? I'm throwing my hands in the air and giving up. Tomorrow morning I'm buying every share of AOL, YHOO and CTXS that I can get my hands on.