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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 (2166)	2/2/1998 11:38:00 PM
From: Humblefrank	Respond to of 18691

Actually Roger I was thinking the high would be within the next week or two so that is pretty close to what you had in mind. I see it ending option expiration at S&P 970 as of now. If it goes up another 10 or 20 points that will be a big drop. That would be before things get really ugly. Of course, I could be as wrong as all the bears have been for the last several years, but I have a lot of confidence that we will at least drop back by option expiration. The big thing is still the Asian markets and how they will slow down next quarter's earnings. It seems this is being ignored, but that has happened several times in the last six months and we always come back to it. I'm not going to bother shorting individual stocks. I'm just going to go for the index.

To: Roger A. Babb who wrote (2166)	2/2/1998 11:59:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 18691

OK, I've found another one for you Roger. This may not be as good as DIGL but it could prove rewarding. Former high flyer OCCF. Went from 10 to 136 in a couple of months. Split adjusted I guess that would be 2 1/2 to 34. They come out with the most pathetic earnings reports yet their stock manages to bounce back to the double digits. Here is a YHOO quote. quote.yahoo.com Here is their YHOO profile: biz.yahoo.com Only one problem I found so far. The float is small (2.7 million) and there is a sizeable short position. (900,000) Very dangerous. Looks like some short covering has driven the price up recently. That is the ONLY thing that could be propping this stock up. Like I said, might not be ideal for everyone. Actually ZITL is probably a better short even though I think the heavy short position is propping that one up too. Thought I would point out another insanely valued stock though, if only to provide an example of a what a small float plus a big short position can do for a stock.