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

To: virgil vancleave who wrote (693)	1/14/1998 2:03:00 PM
From: Ploni	Read Replies (1) \| Respond to of 18691

LAMR is becoming a better short every day, as it sets new highs.

To: virgil vancleave who wrote (693)	1/14/1998 8:18:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 18691

virgil, good observation on the Head and Shoulder top on NKE....I have neckline at 52.50, and am looking for downside to the 32.50 level...I would probably cover around 34.00 to be safe...IMHO, I would sit tight and wait for the stock to come to your target point....I am applying probably a very stupid trading strategy...I am looking for a break in the DOW of 7600 within the next 30 days...If indeed this far out prediction takes place, it will be very difficult to borrow shares from any brokerage house...Stocks would be tanking big-time...Thus, I would be ready for this by having quite a few open short positions, and could cover nicely in the big downturn....Then I would sit in cash and try to play the bounce long...Of course in America, this surely won't happen, and I will probably end up covering my positions at only a slight profit, or a loss....We shall see...For now, I am fastening the seat belts and looking for upside of 7850 before we head back down again....Regards, Mark