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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 (2684)	2/11/1998 1:03:00 AM
From: Rick Slemmer	Respond to of 18691

Roger and thread: Is the high-tech bear waking? news.com RS

To: Roger A. Babb who wrote (2684)	2/11/1998 1:27:00 AM
From: Dale Baker	Read Replies (2) \| Respond to of 18691

From Briefing: ETEC Systems another big winner (+1 1/8)... Stock testing key resistance at 47... Close above this ceiling would leave stock ready for n/t run to the 55-57 range.

To: Roger A. Babb who wrote (2684)	2/11/1998 6:42:00 AM
From: clochard	Read Replies (2) \| Respond to of 18691

It looks like ELNK did a runner on us. Sprint agrees to invest $180 million and give them all their customers in return for a 30% stake and 4.1 million convertible preferred shares. Sprint will also make a tender offer for 1.25 million EarthLink common shares at $45 a share. A lesson here might be to short only companies with no viable products, as opposed to companies that are merely overpriced.

To: Roger A. Babb who wrote (2684)	2/11/1998 8:20:00 AM
From: Timoteo	Read Replies (2) \| Respond to of 18691

Roger- IMHO the odds now of a military strike against IRAQ are better than 50/50. I anticipate this will happen in 10 days or less. This will be the market's excuse to take profits from this recent run-up. If a strike indeed occurs and is short and painless (for us), the market will probably rebound. If it is problematic and/or if Russia, China and other nations make a fuss, the market change course. Everyone is downplaying the impact of the IRAQ situation on the markets, but the markets are being driven by psychology, not fundamentals at this point. Long-term, I still see the DOW ending above 8500 at year's end. Too much money flowing into funds and 401ks. You just can't argue with supply and demand. Best Wishes, Timoteo