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

To: chester lee who wrote (1582)	1/26/1998 1:29:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 18691

I shorted IAIC through E*Trade. It's up today on news that a Soros-affiliated fund bought part of the latest private placement. What Joe Blow Investor doesn't know is that these Soros funds buy private convertible placements and flip them at the first opportunity. People forget how much Soros makes by raiding crappy stocks like IAIC. His funds did very well in GOTK. I'm also short PNDA and waiting for the dump to accelerate. I may try and short more once the downtrend is confirmed. Pump and dumps usually last 3 - 4 days before the last suckers buy in at the top.