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

To: Mike Harkness who wrote (8958)	12/28/1997 2:27:00 PM
From: Cosmo Daisey	Read Replies (2) \| Respond to of 9285

Mike, I am not long any large cap/price stocks except some of the Dow stocks in my core portfolio. I have a short bias in my portfolio and my thinking. I would never short a stock with a float of four million shares with institutional and insider ownership of 23 million shares. I look for at least a ten million float. It is so easy to squeeze the shorts with a small float and big fund holdings would love to do it. AMZN shorts got squeezed big time because its easy to do with a small float, 20 million funds and insiders and three million float. IOM was a classic bear trap with the shorts down several $BILLION on the way to the NYSE. Their float is large now due to splits and fund selling so now it could be on a short list. Part of what is propelling AMZN to new highs is short covering. Look at the chart, this is a positive momentum chart if I ever saw one. Coz