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

To: Lazlo Pierce who wrote (2941)	2/13/1998 2:11:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 18691

>>the analyst on the floor was saying that investors were going after the stocks with a high short interest, and running em up. << Yes I guess this is an old trick. Either scaring them away or blasting them when they need to cover. Ways to go before I get Blasted. Shorting 1000 more BFIT at a limit of 231/2 some dumb small mako sharks have taken 600 already (one lot of 100, 500 the other). Pancho

To: Lazlo Pierce who wrote (2941)	2/13/1998 2:30:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 18691

To All: On the Asian crisis and the riots: Americans just cannot understand how shocking it is to have your currency devalued by 100, 200, 300%. I have lived it! recovery [if it happens] is painful and slow. these countries did buy a lot of junk from the US and Europe, and believe me they will buy less. One of the key arguments to support a bull expanding market theory [I used to sibscribe to] was that despite limited growth within the US, corporations had so much room for growth in the developing markets, they were becoming affluent buying,cars [BTW plenty of Mercedez and BMW's] Believe me the world has changed for a while. What is going on in Asia is not a small SA country like Venezuela devaluing and having its economy trashed. We are talking some pretty big fish here. IMO, the Asian crisis will have a greater inpact that Greenspan says in public he knows it! but why create a panic? Do you know why he has not raised rates? He is scared shitless! He must be quite puzzled about the market rallying on lower rates rather than retracting on lower earning prospects. Let me see.... Anything else worth selling today? This is an incredible opportunity given the fundamentals are known! IMO greedy folks will be sorry.... Perhaps I will be proven wrong. After all I have seen a lot of people much smarter than me miss the market by several years.... Pancho