Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: B Tate who wrote (4309)	3/6/1998 9:07:00 PM
From: Pancho Villa	Read Replies (6) \| Respond to of 18691

>>PLEASE; come up with your most outrageous scenario! We can all make money!<< at exactly 00:00 hours Moday March 3 the following headlines will hit the wires simultaneously: 1. President Clinton was caught [literally] with his pants down inside a White house limo parked not too far from a well known M Ave. Strip joint. Right next to him the press found self-made celebrity Monica Blowblowinsky [fully dressed] who made a barely understandably statement regarding the non-sexual nature of her activities at the location which involved neither inhaling nor swallowing. 2. It has been confirmed that Iraq's president Saddam Hussein has taken as hostages all American members of the weapons inspection team. Acting President Al Gore declared a full blast attack on Iraq making it clear that the US will not yield to blackmailing. 3. Over the weekend the labor department discovered a bug introduced by a programer trying to fix a y2k bug in one of its computer systems. As a result the programs used in updating employment data were damaged. As a result of the bug the increase in new jobs and wages were understated by a factor of 10. Thus new jobs created has been revised upward to over 3 million and hourly wages revised upward by almost $1/hour. At aorund 8:00 EST: - Oil futures trading substantially higher (April oil up over $10/barrel) - In special meeting of the federal reserve, the board decided for a hike in short term rates by a full percentage point despite the fact that Mr. Greenspan still believes the turn of events may have resulted in a delicate balance calling for no action. The move was forced by the significant fear of inflation. - PG, G, PFE, LLY, WLA, along with most S&P 500 companies announce they will significantly miss the next four quarters due to Asian exposure. - The DOJ has order MSFT to delay the launch of windows 98 for at least 1 year or until they develop a version in which the browser is a separate entity. MSFT stated that its browser is glued to the operating system in such a way that it will take at least two years to come up with a revised version (Windows 2000 or 2001 which may be further delayed due to y2k compliance checking). - All Asian and European markets down by more than 10% on the news (this excludes the effect of currency devaluation expected from the interest rate increase in the US which will significantly increase the price of the US dollar). At market open: all indices down at least 50%, internet stocks, y2k and other interesting shorts discussed at rogers such us BFIT and DELL etc down by 75%. Pancho:-) PS: Any suggestions for improvement?