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


To: RealMuLan who wrote (5651)3/27/1998 4:52:00 PM
From: Lazlo Pierce  Read Replies (1) | Respond to of 18691
 
<<Just wondering why there is nobody on this thread suggests to short MANU? 40% gain in one day? Even if a good fundamental company does not deserve this>>
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Because in this market, it can go up another 40% the next day. Look around, this market right now is not about deserved valuations, its about euphoria nad momentum. Look at Adobe. they miss earnings by .11 out of .44, They had gone up over 3 points, the day of earnings. Yet today they did not even give that gain back. Unbelievable.

Dave