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

To: Pancho Villa who wrote (4187)	3/5/1998 6:03:00 PM
From: John Brickman	Read Replies (3) \| Respond to of 18691

>>>My shorts went up and my longs went down!<<< I'm in the same boat Pancho ... it's really demoralizing when you lose money on shorts with a 100pt down day. Maybe we should reevaluate our evaluation models. Trouble is, most of my short candidates were even stronger than current shorts. Tomorrow's another day, JB

To: Pancho Villa who wrote (4187)	3/5/1998 6:20:00 PM
From: Bill Wexler	Read Replies (5) \| Respond to of 18691

<<My shorts went up and my longs went down>> Hmmm. I was despairing over this last night - predicting that this obnoxious scenario would take place....and of course - it did!! I was watching a lot of the scam stocks today. Something struck me as odd - the trading activity didn't really strike me as fresh buying - what it really looked like was a whole bunch of little short squeezes. My guess is that (just like the sentiment on this thread) a lot of short sellers are disenchanted and tired and probably had loads of preset buy-to-cover orders before the open, hoping to get out clean before the buy-on-the-dip crowd rushed in yet again. Naturally, all the obvious scam stocks (such as Zitel) started a bit lower, and then there was a rush of small retail orders and the spreads widened. I believe that quite a few short sellers then panicked and threw in the towel - thinking that if they can't get out on a day like this then they'll never get out. So what ends up happening at the end of the day is that Intel and Microsoft are down and stay down...while a whole bunch of speculative garbage pops up. My guess is that short interest has dramatically decreased and this garbage is going to get its butt kicked real soon. If the Zitel-stocks continue to climb a bit on Friday, then I'm going to pump up all my short positions.

To: Pancho Villa who wrote (4187)	3/5/1998 7:01:00 PM
From: Jumper	Read Replies (1) \| Respond to of 18691

Pancho, with the Intro., of Quotes & Portfolios SI should do an IPO. They could raise some modest amount to develop the product further...3 or 4 Billion sounds like a reasonable valuation.

To: Pancho Villa who wrote (4187)	3/5/1998 8:15:00 PM
From: Bald Man from Mars	Respond to of 18691

<<Are you kidding! I have a net short exposure of 70% and my portfolio so you would expect an up day; BUT I went down -2.5% in one day! I thought it was going to be a 2+% day! My shorts went up and my longs went down! Hope to see better days ahead.>> You sure are better than me with 100% long exposure, I am down a freaking 4% today, and a total of 7% this week. At least I don't have 100% in Intel, or I will be down more than 10% today alone... Hope your shorts work out tomorrow.