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

To: vegetarian who wrote (2749)	2/11/1998 4:31:00 PM
From: Pancho Villa	Respond to of 18691

MC >>I think there is even more reason to be cautious and hedged in this market which has gone up to new highs on no substantial basis. How long just nothing bad has happened so let's go up psychology will propel the stocks in the face of possibly weakening earnings in the next Qs?<< It always hurts to go against the market. In the past, I have done it on the long side. At this point, can't tell whether it is the right thing to do but I will ride the storm out, irt just does not make sense to cover any shorts at these levels. At this point (it may look different later) a mistake I made was to go net short too soon, and gone too far in some short positions, but when I made the moves I was prepared in theory and pocket to to face a big run up, now I have to handle the real thing. Pancho