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

To: Mama Bear who wrote (3663)	2/26/1998 4:54:00 PM
From: Lazlo Pierce	Read Replies (1) \| Respond to of 18691

Right now there is no such thing as a reliable short. Man, there was news that they are trying to pass a bill to charge state tax on internet purchases, you would figure that wouldn't be looked on too favorably. Yet Amzn +6 7/8, go figure. Talk about speculative. What the hell is going on with these internet plays. People talk about Dell being overvalued! At least its growing revs, and income at above its P/E rate. Whew Dave

To: Mama Bear who wrote (3663)	2/26/1998 6:16:00 PM
From: Larry McColloch	Read Replies (1) \| Respond to of 18691

I just looked at novell. I see long bars on the weekly chart, which I guess makes it a good short term trade. It looked to me like it was a "week trade" as opposed to a "day trade" stock. Below it the technical analysis from Market edge: COMMENT Moving Average Convergence/Devergence (MACD) indicates a BULLISH TREND Chart pattern indicates a STRONG UPWARD TREND Relative Strength is NEUTRAL Up/Down volume pattern indicates that the stock is under ACCUMULATION The 50 day MOVING AVERAGE is rising which is BULLISH The 200 day MOVING AVERAGE is rising which is BULLISH LOOK FOR SUPPORT AT 8.26 RECOMMENDATION STOCK IS A BUY I am thinking that I'll wait for the TA to look down and try a short for a week. Are you going to play it? Larry

To: Mama Bear who wrote (3663)	2/26/1998 9:02:00 PM
From: McNabb Brothers	Read Replies (1) \| Respond to of 18691

Barbara, We have been buying NOVL for the past couple of weeks, and was lucky to catch the rise in it! We like this company as a turn around situation and also like the balance sheet with all it's cash and very little debt! A couple of programers that we know recommended that we buy some on the new program they are to release that will help individuals and businesses design their own web pages for the internet! Very impressive volume on the up days which tells me something more than rumors are going on! My 2 cents for what ever it's worth! Hank