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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 (649)	1/13/1998 4:55:00 PM
From: Kip518	Read Replies (1) \| Respond to of 18691

Roger, got shares from Fidelity to short WDRY this morning. I didn't anticipate that squirt at the close. Down almost couple of points already. Not the way I like to establish a new position, but we should know tomorrow whether WDRY will make a new high. Technically, it looks like it should roll over from here, but that last minute run was a little worrisome. Did today's action change your thinking on WDRY? I covered my Zona short yesterday at the close. Got to find the place to get back in. Could be low 20's. Any ideas? Ron

To: Roger A. Babb who wrote (649)	1/13/1998 5:09:00 PM
From: Michael Berkel	Read Replies (1) \| Respond to of 18691

Roger is your bearishness for 1998 mainly based on the Asia flu? Or do you see other fundamental reasons for being depressed in your crystall ball? Please elaborate a little. It would make me feel less miserable after yesterday's unexpected turnaround and today's bullish follow up. Everything up except for BROC. People don't seem to know that stock yet. Hardly no volume. Michael B.

To: Roger A. Babb who wrote (649)	1/13/1998 5:14:00 PM
From: Ploni	Read Replies (1) \| Respond to of 18691

I think the time to establish short positions is now. We could go a bit higher, but the top is very near. I still think the 1998 highs are behind us. I hope you're correct, Roger. I know that the shorts I opened yesterday (ITWO and SEBL) moved higher, along with my favorite tulip, YHOO, and it's quite frustrating. I'm obviously not cut out to be a day trader, but I hope with a little patience my positions will be rewarded. I find it hard to believe that the U.S. companies and market won't be more greatly affected by events in Asia, especially as our taxes are going to be propping up these countries. I also think the European Union will lead to huge problems, and maybe even a war or two. Even without these external problems, valuations for most U.S. companies have simply become obscene.