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

To: Oeconomicus who wrote (4595)	3/10/1998 5:59:00 AM
From: craig crawford	Respond to of 18691

<< Vinik resigned May 24, 1996. The Dow was at about 5700. Long-term treasuries (10 or more years maturity) returned -1.0% in 1996 and 14.3% in 1997. >> I remember Vinik got out of techs and put that money to work in bonds. He got out of tech a little too early and was made fun of when techs went beserk in the Apr/May specualtive frenzy. Do you remember what happened to techs in July? His move didn't look so bad then, but of course he was long gone from Fidelity. I think he got an unfair rap, his performance has been enviable since.