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

To: Ploni who wrote (6475)	4/7/1998 5:07:00 PM
From: Franco Battista	Read Replies (1) \| Respond to of 18691

Personally I am covering every short position where there is a profit. I don't believe this correction will go on very long and see the possibility of a bear trap being sprung. Get more people to short and then squeeze them for all they are worth! Don't forget, these people are very greedy and they have to find a place to invest all those profits they have just realized. Beware the high flyers. BTW tomorrow we might get another chance to cover- AMD just reported earnings of -.39/share vs projected (and revised) -.28. Happy trading.

To: Ploni who wrote (6475)	4/7/1998 5:09:00 PM
From: Gordon A. Langston	Respond to of 18691

<Some are predicting a pullback to 8,000, then a run on 10,000. Others see a pullback to 5,700, while others see a Big Kahuna to Dow 1000 or so.> Pullback to 8000 (let's hope) Pullback to 5700 (DEPRESSION) Dow 1000 (a comet will mercifully hit us)

To: Ploni who wrote (6475)	4/7/1998 5:11:00 PM
From: James Unterburger	Respond to of 18691

The "Dow" is made up of a combination of the 30 stocks. These stocks are chosen by somebody, and I'll bet the "bias has been bullish" is very true. That plus, it is only 30 stocks, and the idiot who first invented it was obviously innumerate, because higher-priced stocks have a larger influence on this index, in absolute dollar amounts. So it's not really an average, it's a weighted average with higher-priced stocks exerting undue influence on the resulting number.

To: Ploni who wrote (6475)	4/7/1998 5:45:00 PM
From: Joey Two-Cents	Read Replies (4) \| Respond to of 18691

If you look at the world economy I would say there will be one more push to 10,000 and then a bear market of epic proportions taking the Dow to 1,000 - 2,000. Look at the World economy today as compared to last year: 1) Around 40% of Japans exports go to the other Asian countries. These countries have had 70-80% of their wealth vanish. If Japan collapses so does the world. 2) OPEC countries have had 1/2 of their wealth vanish with oil price decrease. This includes Venezuela and Mexico. 3) South America will come under both competitive pressure from Asia and speculative pressure. 4) Russia on verge of revolution and civil war may dappen that capitalistic spirit flowing through Eastern Europe. 5) China will devalue to compete with Asia or face civil unrest. 6) Hong Kong will devalue because it's economy is built on RE in a land of poor. 7) These nations will begin to repatriate their funds from our markets sooner or later and the US will have its life line cut. 8)Y2K who knows $ 600B total cost? Bank runs bfore the millenium? If a bear market arrives now, corporations will try to keep their stock high by buying back shares. Look at INTC. The stock is up over 500% in last 5 years and management is going to buy back 100M shares. This while insiders are selling their stock. If INTC buys back 100M shares @ $ 72 and in 6 months INTC is trading at $ 40 thats $ 3.2B gone. For the first time in history we have a culture that is so selfish that they would rather bankrupt a company to protect their stock options then save that company by having reserves for a rainy day. I predict 100's of Billions of $'s (Just like BOJ) will be spent by corporations to prop up their stocks (without success) this combine with the Y2K cost and slowing economy and rising interest rates will rock us and stocks to the foundation.