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

To: Pancho Villa who wrote (2645)	2/10/1998 3:51:00 PM
From: Keith J	Respond to of 18691

Things will become more rational as growth slows. The big question is when does growth slow? That's the $64,000 question. That's about the best advice I can give, unless war breaks out or something. <G> KJ

To: Pancho Villa who wrote (2645)	2/10/1998 3:58:00 PM
From: Druss	Respond to of 18691

Pancho--<<AMZN and the whole internet combo... any thoughts on when things will become rational?>> It is not just the internet stocks. Checkout AVNT, ZONA, and TPRO. All with bigger percentage gains today than AOL by a good margin and none of them with any notable news. The market is stacking up a house of cards. The higher this gets taken the more things are going to fly around when the collapse comes. Good luck with AOL, I can't bring myself to play it. All the Best Druss

To: Pancho Villa who wrote (2645)	2/10/1998 4:50:00 PM
From: Alec Epting	Respond to of 18691

I shorted BBII today at 7 7/16. It went up nearly 40% on the news that three of its HIV patents had been issued. From the chart it looks like there's resistance at 8. Has been trading around 5 since January. Fundamentals don't look too bad, but I wanted to participate in the selloff tomorrow. Hope to pick up a point. Has anybody tried shorting stocks that trade between $5 and $10 that have gained 40% or more on the NAZ in a single day? Seems like the majority of stocks that gain this much fall back the next day, unless the stock runs on merger news. Would make for an interesting study to see how these stocks fare the following day. I bet this might be an effective strategy. Any comments?