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

To: Bill Wexler who wrote (8190)	12/11/1997 6:07:00 PM
From: Ploni	Read Replies (1) \| Respond to of 9285

I'm with you on YHOO, Bill. I had held puts that expired worthless, but yesterday I opened a short position @ 57 5/8, which I hope with patience will be profitable. -- So far I'm a point in the red, but it will take a lot more than that to squeeze me out.

To: Bill Wexler who wrote (8190)	12/11/1997 10:23:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 9285

Bill AOL and YHOO >>We can all agree that both of these companies are ridiculously overvalued. I believe the basic problem here is that they have simply become momentum stocks, i.e. people buy them because they have good stories and keep going up, while short-sellers panic and cover, causing the price to rise further.<< I will stay cool I have room to let these skrs. double. I am however shocked at the upgrades. You are right shorting more here is probably wise. I would have to kick something out to short more of them. Another candidate competing is Zona. (I don;t even know how it closed.) Pancho

To: Bill Wexler who wrote (8190)	12/12/1997 1:37:00 AM
From: Ed Zhao	Read Replies (1) \| Respond to of 9285

Bill, Why not short the second tie companies in the Internet directory category: LCOS, SEEK, XCIT. It's true the market cap of the three companies combined is only 1/2 of YHOO. But YHOO will likely commend 40-50% market share and much higher profit margin (i.e. ad space price). Shorting the second tier is safer before the momentum fade. One can always ride YHOO in its way down. Just a sugestion. XZ

To: Bill Wexler who wrote (8190)	12/12/1997 8:35:00 AM
From: Timoteo	Read Replies (2) \| Respond to of 9285

Bill: YHOO/AOL- I am still cautious on these stocks. I believe both are ridiculously overvalued, but many innvestors are valuing these stocks in "non-traditional" ways, like $ per subscriber for AOL. I don't believe them, but that doesn't matter as long as they are willing to put their money where there mouth is. That said, I think YHOO is the better short. MSFT just upgraded their browser and with their and Netscape's improvements, YHOOs product becomes decreasingly relevant. Timoteo