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

To: Pancho Villa who wrote (4401)	3/7/1998 10:54:00 PM
From: Tom Hua	Read Replies (2) \| Respond to of 18691

CPQ's profits warnings is not just a one quarter problem as boxmakers are heading in the direction of low price computers. Forget sub $1000 PCs, here come the sub $800 boxes in about a month. Time to really short DELL? news.com Regards, Tom

To: Pancho Villa who wrote (4401)	3/7/1998 11:22:00 PM
From: Gokhan Gezmisoglu	Read Replies (2) \| Respond to of 18691

I have friends at work who are putting everything they make on high flyers like AMZN YHOO. These are fairly smart people with bunch of college degrees. I stopped telling them they are insane 15-20 points ago. They also know that you should never sell into a panic because the market always comes back up. (they learned that last October) They also know to buy more on the dips. (actually they laugh at the fools who get out at low prices.) Anything 10 points less than a stock's all time high is a dip for them. And you know what, they have been right for so long that I am wondering what the real definition of right or wrong is. You keep telling people 2+2=4 and they claim it is 3 and the rest of the freaking world agrees with them. What if by the year 2000 AMZN trades at $1000 with 0 earnings. I do not think we will ever see a 6-7% correction anymore because people learned from last October. Something big has to happen for people to understand markets do not always go up. I can not think of anything. I have no short positions on the mentioned stocks. I will feel much comfortable shorting them at half of their current price.