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

To: Ploni who wrote (1031)	1/20/1998 3:57:00 PM
From: space cadet	Read Replies (1) \| Respond to of 18691

ESMC is now in the 2's. The selloff I predicted for today is happening. The volume is too large for the mm's to manipulate. With this kind of avalanche they just step out of the way. However remember these two things: 1)The dilution won't occur till March 1. Thus what we are seeing is shareholders trying not to be left as the last shareholder stuck holding this sleazoid stock. 2)After the panicking has stopped or at least slowed down and the volume returns to normal, look for the mm's to go back to their old games. I am (unfortunately) an expert at these sorts of game. Basically the game is to hype the stock to as close to 10 as possible and then distribute, distribute, distribute. They tell all their friends to unload the stock anywhere above 9. Thus the big boys have already made most of their money by now. Anything else is just extra gravy. Sometimes the original management team that hyped the stock and made their millions will now leave (for instance, hvsf). Whether they stay or some other hype artists takes over, they will generally try to squeeze every last dime they can by trying to run it back to 5 or 6, before it collapses again, then try to run it to 3 or 4 before the next collapse. So since we have till March 1 before this becomes another penny stock (I say 1 buck is a safe bet) I think we will have other chances to play it if they can somehow sucker enough idiots into somehow buying this thing and pushing above the marginable point of $5. Let's all hope for some really moronic hype on this stock. What I can't figure is how the hell this stock is not on the bb board? From now on, I want to stick to safe shorts like this where you know that come March 1 or whatever the stock has to collapse. I really regret fooling around with avnt. I hope to get out of that with just a small loss if it will go down a little tomorrow. That was truly dumb to short below 20. BTW the tech market especially looks really strong and I think we are in the middle of a strong January effect month. Traditionally Feb is much weaker for techs and I would wait till then to establish new shorts on the hi-flyers like aol, yhoo, etc. Personally I'm gonna stick to shorting the overweight overhyped convertible turkeys like esmc for the most part. I think yhoo, though it might go down a little here, is a better long than short. Short aol, long yhoo might be a decent bet if you insist on shorting a hi-flyer.