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

To: vegetarian who wrote (162)	1/5/1998 3:50:00 PM
From: WBendus	Respond to of 18691

Looks like the market might rally right on out through the close . Whatever downside risk there is to the market, it is being erroded by the soaring bond market today. Internet stocks are having a mixed day today. YHOO is down nicely, as it should be, and is sitting right on its trendline. I strongly suspect that this trendline will break and i will cause a flood of exit orders by the end of the week. I see $60 by Friday's close. NSCP is down nicely today and should be serving as a clue to the rest of the sector that the internet is hype and is far harder to make money at then investors have been led to believe. The stock is making a "dead cat bounce" on the heels of a stong technology market. I suspect that NSCP may float between $20 and $18 through the rest of the week. Money could be made by selling options on this stock. XCIT is real strong over the past few trading sessions and I am expecting continued strength to a double top at $35. Failure to make this double top would indicate that the momentum on the down side could be sever. Waid for weakness and not where it occurs before shortin this stock. ATHM is weak today but has made a nice bounce of the lows of the day. I suspect that there could be a one to two day bounce in this stock back to $26 for another shorting opportunity by weeks end. LCOS is mirroring YHOO and is also sitting on its trendline although it appears to be much weaker than YHOO today. I suspect that these two stocks should crack this week and I am looking for LCOS to make $32 1/2 by Friday. AOL is flirting with $90 again and has failed on multiple occasions to break this barrier by much more than a point. This stock is borrowing support from the general market and is being held up by false support. AOL is my #1 short candidate, especially once we get through this seasonall strong period for stocks. Failure by this stock to make new highs, even in spite of the positive press releases surrounding the company, is supporting a short position. January 2 the NOIC responded to AOL subscribers and has recanted its threat to list the e-mail addresses of some 5 million AOL subscribers. I suspect that AOL will see $87 1/2 by Friday's close. The internet stocks have been sending somewhat of a mixed signal today but I beleive that new and oldtime shorts will enter and old longs will exit as a result of tax related issues having passed. The strongest cases for shorts belong in AOL, YHOO and LCOS for this week. Wayde.