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

To: Pancho Villa who wrote (3361)	2/20/1998 8:28:00 PM
From: Kip518	Read Replies (1) \| Respond to of 18691

Pancho, here's the option info on BFIT. As you can see very few contracts. Options do not appear to be a big factor in BFIT's move. Kip cboe.pcquote.com

To: Pancho Villa who wrote (3361)	2/21/1998 12:08:00 AM
From: TAPDOG	Read Replies (2) \| Respond to of 18691

Pancho- First, on BFIT, I've agreed with your analysis and been short since we first started discussing it on this thread, albeit with less gusto than you have. I disagree, however, with how you have taken the runup so personally. Stocks don't know you are short them and it makes no sense to be mad at them. I'm hanging in with my shorts but I have reserved the possibility that there is something about this company that others know and understand that you and I don't. I still think you (and I) will profit on BFIT, but we've both been wrong in the past. We'll find out. Secondly, we discussed a similar stock- PCTY. Fortunately, my short position in this stock is very small. Now it's run up from low 20's to 27. There has been no news. My guess is that someone knows something and the upward move indicates an impending announcement of something. I'm thinking of beginning to average a short position in this one. What do you think?