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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (79)	1/3/1998 4:56:00 AM
From: Bill Wexler	Read Replies (3) \| Respond to of 18691

The Zit is up a buck today. I think there is a very simple explanation: in the same way that a lot of longs held past Jan. 1 to sell, I think that a lot of long-term Zit shorts covered today. On the other hand, if I'm wrong and we are getting a new round of sucker-buying, this could make for another beautiful shorting opportunity. HNY, Bill "Cyber-Hyena" Wexler Still short AVNT to 0 Still short ZONA to 0 Still short ZITL to 0 Still short TRBO to 1 (I'm being charitable here) Still short BVF to the teens Still short ATHM to the teens Still short YHOO and waiting to make up lost ground! Watching CVC and WJCO.

To: Roger A. Babb who wrote (79)	1/3/1998 7:54:00 AM
From: Michael Berkel	Read Replies (2) \| Respond to of 18691

Roger, I've got a real poser for you here. I hope you will regard this a serious question. Suppose one would be able to invest $10.000 maximum only in Monday's stockmarket and no possibility to short stocks..which of the folowing 3 investments would make the most sense (or would be the most profitable) in your opinion: 1. 10 put options AMZN July 55. Purchase price: approx. $10.000 2. 10 put options YHOO July 60. Purchase price: approx. $10.000 3. 2000 shares BROC. Purchase price: approx. $10.000 Since I do not live in USA, my broker doesn't allow me to short stocks other than buying & selling put options. As you know, timing and premium are the most common pitfalls for the option buyer and my broker doesn't accept stop orders for options. I already lost quite a bit of money, betting that YHOO and AMZN were fairly valued at much lower prices, indeed in the 30s, where your targets are. Now that valuations are really insane....timing is still complex. Maybe BROC will do the trick. I appreciate your opinion. Michael B.

To: Roger A. Babb who wrote (79)	1/3/1998 10:22:00 AM
From: Lazlo Pierce	Respond to of 18691

Roger and all. Here's a portion of NY Times piece re: Korea from Fri 1/2/98. I think we haven't seen the last of the asian effect, though I for one, haven't heard many talking about it lately. ******************************************************* <<...In South Korea, the financial situation continues to look grim. The government broadcast a request on national television Thursday for the nation's citizens to donate any gold they owned, such as jewelry, to help alleviate the debt crisis. And in a New Year's address, President-elect Kim Dae-jung warned of "many unimaginable hardships" facing South Korea in 1998. Kim alluded to waves of bankruptcies and layoffs that will sweep the country this year. A certain measure of euphoria had greeted the announcement by large international banks earlier this week that they had agreed to extend, or roll over, for one month as much as $15 billion in South Korean debt that came due on Wednesday. And $8 billion in international aid promised by 13 countries will be delivered to South Korea next week only if the rollover is safely on course. But smaller banks have less interest in going along with the plan, American bankers close to the talks say. At worst, the situation threatens to throw the South Korean bailout into chaos if the small banks are not brought aboard soon. At best, it is already stalling the effort....>> Dave