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


To: space cadet who wrote (1234)1/22/1998 5:20:00 PM
From: Bobby  Read Replies (2) | Respond to of 18691
 
You may be right, Space Cadet. Momentum players generally have the most irrational aptitude for fundamentals. However, given the shaky market environment that we are in, that irrationality can also turn the other way and high flyers like ITWO can, in the next few weeks, easily be cut in half in the face of such an earnings report and the significant inside selling that has been going on. It is indeed possible that a significant part of that price erosion can take place tomorrow. This may, of course, prove to me wishful thinking on my part and, if it does, I am prepared to wait it out.