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


To: CalculatedRisk who wrote (2668)2/10/1998 6:28:00 PM
From: taxikid  Respond to of 18691
 
elnk up on symathy or am i going against the tape.. shorted way too many shares..
a little support therapy from either of you "bills' would be helpful to say the least..
taxi



To: CalculatedRisk who wrote (2668)2/10/1998 8:09:00 PM
From: Bill Wexler  Read Replies (2) | Respond to of 18691
 
Short TPRO now.

I thought about this a little bit more, and I changed my mind... I'm going to take an initial position tomorrow morning. If the stock stays flat or starts moving down, then I'll short increasing amounts on any upticks until closing.

The volume today was nearly 20x avg. Looks like churning and the climax of a pump and dump. I would have been a lot less suspicious if TPRO made this move on 3 or 4x avg. volume. I'm now 99% certain that the Intel rumor was floated for the sole purpose of pumping the stock. I'll cover below 6, though obviously, this one is going much lower in the long term.