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

To: TAPDOG who wrote (3371)	2/21/1998 12:41:00 AM
From: Pancho Villa	Read Replies (2) \| Respond to of 18691

>>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.<< Wise words. I didn't feel I was taking it personally however my words may give that impression. I kept adding to my short position because honestly felt this is a short I understand. Very small profit margins [even before interest expense] no potential for explosive growth. IMO the reason for the run up may be two fold: 1 the mutual funds buying into a small cap (less than 500 million market cap), the revenue recognition change and the fact that they screw people with four year memberships with hefty interest rates people cann't get out from. This has however been going on for a while. IMO, this dishonest behavior should not continue for too long. Someone is gonna get mad big time at them and do something. A lawsuit or consumer protection agencies stepping in may be closer than we think. Pancho