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

To: Pancho Villa who wrote (4531)	3/9/1998 3:46:00 PM
From: Joey Two-Cents	Respond to of 18691

Betting against the internet & Y2K stocks in this current market is dangerous. The market is in a mania with money shifting from the known stocks (CPQ, DELL, INTC) into more speculative stocks with the sky being the limit. Money managers want high returns, they want the next MSFT or INTC. Hell its not their money their gambling with. This market can, and probably will go to 10,000 before it starts to die a long slow death from the Asian flu. Analysis and common sense will eventually prevail but not before a lot of people have been forced out of the game. IMO it is safer to short those stocks which won't double in a month such as the banks with Asian exposure. Asia will get worse, bad lending practices and derivatives will catch up with them. The prices will be knocked them down. Look what happened in Oct/Nov CMB & CCI went down $ 20-30. They'll do it again. Watch Japan, Hong Kong and China.