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


To: Pancho Villa who wrote (4322)3/6/1998 9:57:00 PM
From: Bill Wexler  Read Replies (3) | Respond to of 18691
 
CORRECTION: MONDAY MARKET PREDICTION

biz.yahoo.com

Analysts are now starting to get concerned about the earnings slowdown and the high, speculative multiple.

I predict that earnings estimates will be cut again as a result, so now when companies report their Q1 #s, they'll come in above the downward revised estimates and the market will continue higher.

I see the market closing up 250 on Monday - except CPQ and INTC, which will close lower of course. Yahoo will close at 125 after announcing a new strategic alliance with cybersocks - the online sock merchant.



To: Pancho Villa who wrote (4322)3/6/1998 9:58:00 PM
From: Jeff Jordan  Respond to of 18691
 
Pancho,

BFIT has to be a classic pump and dump....you will eventually be right on this one. It may just take 6+ mos? I am still holding....down 4K Its amazing it can move up 1 point on 30K shares???? A friend of mine has been long on this for some time. Its one of her only winners, since riding Ascend down. She was surprised when I told her I had shorted it. Its been a very long time since I had a loss over 40%, so it doesn't sit well with me....but I will hold until...they dump, to me its worse than dead money.

Thank God for days like today! Well, if your long...

JJ



To: Pancho Villa who wrote (4322)3/7/1998 5:34:00 AM
From: wendell morris  Read Replies (2) | Respond to of 18691
 
Could not have said it any better. Stick to your guns.
What goes up (especially at this rate) must come down and faster than you think. It is but a matter of time. How long this will go on , no one knows except that the market is way overvalued with a bubble like fundamental. Remember one must not try to defy logic.