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

To: Oeconomicus who wrote (5856)	4/1/1998 2:10:00 PM
From: wendell morris	Respond to of 18691

<<BA ROBERTSON STEPHENS. Investment banking concern has added a new category to its stock recommendation system... Talk about madness...if it does not make any money the share price can only go up..where is the logic? I guess that is the logic..buy stocks that don't make any money, have no hope of making money any time soon so there would be no earnings expectations to miss....just build hype on more hype.

To: Oeconomicus who wrote (5856)	4/1/1998 2:21:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 18691

A spokesperson explained that the new rating is reserved for stocks in industries that lack the traditional valuation drivers like revenues and profits, especially those with limited operating histories, and therefore can only rise in value. Blah Blah Blah Not/Bad Boy Kramer was on CNBC this morning where he stated that the very worst reason to short a stock was valuation. To support this he said to look at all the hedge funds that got creamed shorting Dell. Eventually these overvalued high flyer stocks will fall but they may double again before they do and you'll be forced to cover at a loss. Or even worse they might split and you'll go bankrupt. ;-)

To: Oeconomicus who wrote (5856)	4/1/1998 11:05:00 PM
From: Lazlo Pierce	Respond to of 18691

Bob,<<these companies represent the future of mankind and the universe as a whole; they are invulnerable because the expectations are so incomprehensible that no shortfall could ever be quantified.">> *************** LOL. The only problem it is too close to the truth. Today truly disgusted me. I was ranting and raving after the close all day. KO up near 81 (P/E >50, yet flat earnings for this yeear and next, KLAC warns, goes + 2 1/2, MANU beats the street by .02, and good rev growth jumps from 35 to 57 without selling off. The list goes on and on (haven't even mentioned internet stocks). The lesson is 2fold. We will burst one day. But... it is better to make money by following the trends (especially in this type of market), than to be right. Oh well.... KO to 120!!!!!! Dave