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

To: craig crawford who wrote (6648)	4/9/1998 1:49:00 PM
From: Peter V	Respond to of 18691

The fools in YHOO are those longs that don't have their finger firmly on the trigger ready to bail when this thing turns around. No, I don't know when it will head down, but it will, and even though there is a lot of money to be made off momentum, there is no underlying value to justify the price. Hence, the longs are simply playing a pyramid scheme; those getting in near the bottom get rich, those at the top lose their shirts. Eventually, somebody will be the fool at the top, and as long as the players keep recruiting more fools to make the pyramid higher, they will make money, but only if they sell in time. "A fool and his money are soon parted." Pity the fools when the foundation collapses, however. Then again, I suppose you could call the shorts fools, too, for enduring excruciating pain while the momentum continues. Although I believe they will be rewarded someday, there are safer shorts.