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


To: vegetarian who wrote (5434)3/24/1998 1:33:00 PM
From: clochard  Respond to of 18691
 
The worst case would be that the bull continues until late next year, with the dow topping 13000, and then crashing big time, taking everyone including brokerages with it. If you survived being short all this time you might then have a problem cashing in.
This article:
Message 3816170
makes me really think. If the public can be fooled so completely about the real profitability of the market with the complicity of the SEC and others, then the only people who are going to have money in the end are the market makers and bandits. It looks to me that we might be playing right into their hands along with the longs.



To: vegetarian who wrote (5434)3/24/1998 2:53:00 PM
From: Pancho Villa  Read Replies (2) | Respond to of 18691
 
Hi MC: Yes being short these days, particularly internet stuff and BFIT is not fun! I am just being patient. Once the earning warnings started to come in and nobody cared I concluded that MM would keep all the high flyers up there through the end of March. I am Waiting for some downward movement in these stocks and the market in general in April (will it come?). The classic pre-market correction (colapse) conditions are given:

Extremely sharp market increase without fundamental support (except for low interest rates/past infaltion)

Shorts giving up (except for Pancho and a few others in SI:-))

Foreigners buying

Lack of fear

Goldman Sacks with record earnings and thinking to go public.

Merrill Lynch a possible take over

Will history repeat itselg again?

Probably yes but we do not know when!

Pancho