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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 (8302)	12/13/1997 4:28:00 PM
From: taxikid	Respond to of 9285

probably around 1100 am... taxi

To: Roger A. Babb who wrote (8302)	12/13/1997 6:18:00 PM
From: KM	Respond to of 9285

Roger: I don't know if you trade the indexes or not, but I had a good short trade Friday on the S&P mini. This week, probably Monday if there's a rally, I'm looking to sell the March Nasdaq. I've got a feeling that the whole creaky ship is about to submerge. On a decent rally, also the SOX. Also the T bond futures.

To: Roger A. Babb who wrote (8302)	12/13/1997 7:17:00 PM
From: Eric Klein	Respond to of 9285

Roger and All, Interesting article in this week Barron's: interactive.wsj.com Charles Biderman tracks liquidity flows into the stock market. Although he doesn't claim to be able to make short term predictions, he believes that the market will be strong through the end of January, (possibly up 10%, even lead to a blowoff top), then be hurt by declining liquidity starting in February. I can't cut from the article, but some of the factors that he sees: 1. Record levels of insider selling. Insiders have more than doubled the dollar amount of shares that they're selling. 2. Record numbers of new offerings soaking up liquidity. 3. "Smart Money" selling. Corporate investors, whatever they may be saying have turned bearish on stocks. 4. We're running out of fuel for the bull. Rising markets require more and more money to keep going up because more and more new shares come into the market.