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


To: McNabb Brothers who wrote (568)1/11/1998 7:53:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 18691
 
McNabbs,
Check the stochastics, RSI & momentum for AOL.All indicate lower highs reached when AOL stock price made the last top. All indicate trend is now down.The obvious conclusion is that AOL has made its run and now will head for somewhere south.

207.95.154.130

Dave



To: McNabb Brothers who wrote (568)1/11/1998 8:17:00 PM
From: Roger A. Babb  Read Replies (3) | Respond to of 18691
 
Hank, I think that AOL, YHOO, and most of the other story stocks will head south now. We may have already seen the 1998 market highs....



To: McNabb Brothers who wrote (568)1/11/1998 8:25:00 PM
From: Roger A. Babb  Read Replies (4) | Respond to of 18691
 
Hank and everyone, all of my recent short picks are doing well except ESMC. It is going up in the face of an ugly offshore convertible deal. Am I missing something here or has the long side just not figured out they have been robbed yet? Comments and other points of view on ESMC appreciated.

And it is nice to be back in the states. By the way, business is booming in Europe. New factories and office buidings going up everywhere. Looks like overcapacity is well on the way.

Roger