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

To: Lazlo Pierce who wrote (142)1/5/1998 4:50:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 18691
 
MANU - Looking at the recent chart, there is a clear trading range between 44 and 38. MANU just peaked again with stochastics overbought at 43 15/16. Looks like a quick few points in a few days barring other news.



To: Lazlo Pierce who wrote (142)1/5/1998 5:10:00 PM
From: Ploni  Respond to of 18691
 
Don't forget LAMR, which I profiled in 1997. As with WDRY, it also seems to also have paid for acquisitions with borrowed cash, and is in extreme debt.

I'm only holding July 25 puts, which I bought when LAMR was around 31. LAMR quickly hit 40 3/4, to better the 39 price target set by one cheerleader, and is now at 38 1/4. I may add to my put position, and think this would be a good short for people who have the cash.


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