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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 (8426)	12/15/1997 7:11:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 9285

Packard Bell sales surpass Compaq: news.com Ouch. According to a survey, Packard Bell's October retail sales were up to a 31% market share, vs. 30% in September and 25% in August. Compaq's retail sales were 30% in October, 33% in September, and 36% in August.

To: Roger A. Babb who wrote (8426)	12/15/1997 10:33:00 PM
From: Bill Wexler	Respond to of 9285

<<I will get a chance to re-enter my shorts at higher prices beforeyear end.>> I don't know about that. Put buying hasn't really gone through the roof, and it seems that puts are being bought to hedge long positions instead of pure speculative plays (the dreaded "portfolio insurance"). My guess is that any positive comments by the fed will be good for the bond market, but the focus of the stock market has certainly turned to earnings and valuations. I'm betting that a lot of people are hoping they can just hang on till Jan. ....perhaps also buying puts as insurance. MU also just came in with an awful report. Finally, I get the perception that short-sellers are still skittish after being burned so often, evidenced by so many people rushing to cover on a one day dip. But then again....there are people out there who think paying $3 billion for Yahoo - even in this market - is peachy keen. So it wouldn't surprise me at all if the dipsters and momentum morons came rushing back in at the drop of a hat.