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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 (2458)2/7/1998 12:19:00 AM
From: Broken_Clock  Respond to of 18691
 
Roger,
I got in a little early with puts on SEBL last week but it took 44 out decisively today.next week should be fun if the market doesn't break new highs(doesn't seem likely, does it?).Also time to get after MDT, LCOS, XCIT, YHOO and CKR.It appears by the charts they just couldn't hang on at those lofty altitudes.Perhaps portending the DOWs fate next week?

PK



To: Roger A. Babb who wrote (2458)2/7/1998 10:44:00 AM
From: Allen Furlan  Read Replies (2) | Respond to of 18691
 
Re WDRY. Agree with your logic. My question is around the mechanics of the irrational support, ie a timing question. I have seen literally dozens of stocks which were supported subsequent to a secondary offering in which the insiders were selling off their shares to the public, in which I assumed the underwriters took on some inventory, and in which the stock appeared overpriced except for artificial support. Experientially how long do brokers artificially support such stocks?