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

To: Bob Trocchi who wrote (9128)	12/30/1997 6:59:00 PM
From: Pancho Villa	Respond to of 9285

Bob: >>In doing some further checking regarding the DEC/ALCY rumor, it seems more likely if anything happens it will be a licensing deal. ALCY is way too expensive IMO for DEC to buy. A licensing deal would however does make some sense. << Based on today's volume I doubt a buyout is going to happen, unfortunatelly these things do leak out and if the rumor was certain the volume would have been at least double what we saw today. I have a significant short position starting at 22+ and adding at 23+, still my SEEC position which in share amount is in a 3/2 proportion seec/alcy which I shorted at 22+ offsets my loss here. I am patient and if DEC takes them over so let it be, I have always been ready for a teke over bomb in the y2k stocks. IMO the [short] gains will offset losses of this nature. My ZTIL short which is in a 5/2 ratio zitl/acly and I started at 13+ and added at 11+ is also ahead. ALYD had a similar run into the 20's and came back nicely back towards it belongs. Regards, Pancho PS: having a nice time in Brasil. I am pretty close to where the Female USA volley ball team was playing last weekend (the beaches of guaruja). On 1/2 I take off to Vzla, Morrocoy National Park, and will be gone from SI and the net (probably for my own good during my stay there)

To: Bob Trocchi who wrote (9128)	12/31/1997 8:15:00 AM
From: Bob Trocchi	Read Replies (1) \| Respond to of 9285

Internet Stocks/YHOO, SEEK, LCOS, XCIT Saw the following this a.m. This a good description of momentum stocks. There is a comment in the article which esentially states that these are safe stocks, and investors are buying that!! Still short YHOO and I am needing a much longer straw as I continue to go deeper under water. Patience!! Bob T. >>INTERNET STOCKS: This sector, like may others in the stock market, stopped trading on fundamentals a long time ago. However, for the first time in a long while, there is a reason, that can be perceived as legitimate, for the groups' impressive advance over the past week. Believe it or not, Internet stocks are now being viewed as a safe-haven: an area of the market that is largely shielded from the Asian contagion. Second, and most important, is the prospect of strengthening ad revenues. By and large, online advertising revenue was anemic in 1997. However, analysts and researchers have recently become extremely bullish on ad rates and revenues for the coming year. Will there projections prove to be correct once we tally up the numbers a year from now? At this point in the game it really doesn't matter. What is important is that investors are buying it. Just take a look at the most prominent Internet names and see what you find: America Online (AOL) +3% and less than 3% from its one-year high; Yahoo (YHOO) trading at a new 52-week high; Lycos (LCOS) +3% and less than 2 pts off its one-year high; Excite (XCIT) +5% and up 22% over the past week; Infoseek (SEEK) up 23% today.<< briefing.com