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

To: Bill Wexler who wrote (2753)	2/11/1998 7:18:00 PM
From: Pancho Villa	Read Replies (3) \| Respond to of 18691

Bill, given your remarks on Zona and what I see happening with my shorts, IMO a lot of shorts in many sotcks are afraid of the bull and covering.I am 30% net short now but consider it foolish to do any covering under this conditions. I myself do not believe in market timing but took what I saw as a fair bet with the market having more downward than upward potential. One thing I like for sure is that most commentators are bullish and it is under this conditions that big drops usually happen. Just cannot figure out how the news have no have no effect on the market. Either I am paranoic, brain washed by the bears at Barrons ans SI, or it is just that people are so used that news come and go so fast that they think once the problem does not make the headlines the problem is gone. One thing for sure, the wait for a decline will feel like a long one. Pancho