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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 (95)	1/3/1998 9:19:00 PM
From: Don Kelly	Read Replies (1) \| Respond to of 18691

To all RE: ESMC Last Wed, Bond gave us this jewel: Message 3070820 On Friday after the bell, ESMC gave their shareholders the shaft: biz.yahoo.com The stock is cheap at 9.00 and has a thin float, but it's shortable. Fundamentals appear lousy. The recent runup after the reverse split seems fishy. Will this one be a penny stock again soon?

To: Roger A. Babb who wrote (95)	1/4/1998 12:34:00 PM
From: Cosmo Daisey	Respond to of 18691

Roger, >>>I have researched WDRY and it looks like free money for the shorts. Am I missing something here?>>> When I take a technical look at WDRY its obvious the market doesn't agree with your evaluation. I agree with the short based on fundimentals but timing is everything. If you are tring to hot dog the stock at the top this could be it but I prefer to wait for changing momentum. I may give up a couple of points but I don't usually suffer the pain of continued optimism and price expansion. Cosmo

To: Roger A. Babb who wrote (95)	1/4/1998 1:19:00 PM
From: Kip518	Respond to of 18691

Roger, given the very negative piece on WDRY in this weekend's Barron's you may have to wait awhile this week to get an uptick on this one. Otherwise, looks like a great short. Ron [For those with access, see: interactive.wsj.com]

To: Roger A. Babb who wrote (95)	1/4/1998 4:18:00 PM
From: McNabb Brothers	Read Replies (4) \| Respond to of 18691

Roger, For what it's worth I'm holding a small long postion in RAIN and when the convertible comes out I will be a buyer of that in my IRA account and I believe my wife will be also! She has a tendency to be a very good longer term stock picker! I see things in the company that I like and feel as though they have a better theme that covers a wider range of people than do other theme resturants such as the Hard Rock and etc.! May be a very good short for awhile, but would go to the RAIN thread and read it: exchange2000.com As you say to others do your own research and let me know what you see for I may change my mind about buying anymore! Hank

To: Roger A. Babb who wrote (95)	1/4/1998 7:58:00 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 18691

Roger, RE: ACLY & WDRY. ACLY: This is my personal #1 short pick for '98! Nothing new, but when earnings are announced (around Mar 2nd) - revenues and earnings will show a sequential decline (because of a one time sale to FORD). Cash flow will continue to be negative! WDRY: This is a more complicated pick. I analyzed this earlier: exchange2000.com IMO, IMPORTANT: If you short now, take profits as the price approaches 20. The secondary was completed on 12/19 and the green shoe is a powerful tool to support the price at or above the offering price for 90 days (offering price was 19 3/4). The over-allotment should be exercised by Mar 19th. After that date, the stock will no longer be as actively supported by the underwriters. Best Regards, Bill