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

To: Michael Berkel who wrote (8938)	12/28/1997 3:40:00 PM
From: Darth Trader	Respond to of 9285

<<<<did you decide to short CHA and RAD on the basis of them firing sell indicators, like the ones you mentioned for AHP "Expansion Pivot" or perhaps a "whoops" sell signal? Or do you happen to have some insight knowledge on these companies which you might be prepared to share with us?>>> Michael, I shorted CHA because they are losing money this year. According to First Call earnings will be -$.03. Next year $2.29. At the current price of $43.50, this gives a forward pe of 19. Long term growth rate of 7%, and over $3 billion in debt. IMO, "fair price" should be about $16.00, (pe = Growth rate). No good reason for shorting RAD other than the stock price looking overpriced and the bearish chart. I have tight stops on the above positions, will stop out with only a one point loss. FWIW, YHOO fired a buy signal!