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

To: Rev Paris Green who wrote (6466)	4/7/1998 3:46:00 PM
From: Joey Two-Cents	Respond to of 18691

Everybody jumps out and then everyone plus some newbies jump in pumping the market ever higher and higher. Don't be suprised if we see a 400 to 500 point selloff followed by a rally bringing the Dow close to or above 10,000. The bubble will get bigger and bigger until every fool has been taken in and then the whole pyramid scheme will collapse. Who was buying AMZN at 95? Some money manager who if he did any homework would have seen a PE of 9,500, insiders selling, bleak prospects etc. If you sat down with "Joe 401K" a holder of a fund with AMZN and explained to him the fundementals (or lack of) he'd pull his money out of that fund in a second. However Joe 401K has no idea how he's making 25% per year and doesn't know he's paying some manager 3% and will only wake up when the parties over and the high rollers have gone home.