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

To: Oeconomicus who wrote (5620)	3/27/1998 9:14:00 AM
From: Pancho Villa	Read Replies (3) \| Respond to of 18691

>PS: WSJ front page - "Corporate profits fell 2.3% in the fourth quarter, their steepest decline in nearly four years..."< Yes I noticed, but when the market is bullish, this piece of news goes to the trash can. Pancho

To: Oeconomicus who wrote (5620)	3/27/1998 9:52:00 AM
From: Cosmo Daisey	Respond to of 18691

Dr. Buschman, This is precisely the reason the bull market will continue. Shorting media favorite stocks like AOL, AMZN, etc. will shorten the balance in many portfolios. Minor pullbacks are quickly erased by the buying opportunities they present. The funds continue to add to positions in stocks they already own as a major focus rather than take a chance on new positions in other stocks except for minor trading positions. Supporting the current portfolio is providing momentium for the DOW 30 especially. New investors that have never bought a stock before all have heard about the DJIA, its the psychological indicator of the market and widely quoted throughout the trading day in the media. Several mutual funds have added Dow 30 based funds to their family of funds to attract new investors who all know that the Dow is moving higher so the funds can't miss. This is propelling the Dow even higher as more money flows into these stocks. Funds are available that trade only the Dogs of the Dow, a popular position trading investment that beats the Dow historically for the last 30 years. The Dow based funds also put pressure on the dogs as they look for opportunities in the sector. Investing in UC near its 52 week low may be a better investment than T that is hitting new 52 week highs. Being short the market is dangerous, being short selected second level stocks is a better choice. cdaiseyPhd@dow/10,000.com