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

To: RUILIN ZHAO who wrote (6679)	4/9/1998 8:09:00 PM
From: larry	Respond to of 18691

Internet issues will eventually drop to a more reasonable level. However, the new short interests will victimize their predecessors and keep the vicious squeeze for many more rounds to come. It will come to a day when the short interest in issues ala Yahoo! drop 70-80% from current level, and then we might see a significant drop in the price of these shares. Anyway I am riding the wave to make some easy money at present. To be honest, every investors will eventually ask themselves why they did not own Yahoo! from 97 to, at least the mid of 98. I am not saying that Yahoo! will drop by mid 98. Honestly I don't know. It can well run up to 500 after several splits and then begin to retreat. The momentum surrounding these issues are shockingly remarkable. Also I'd like to ask a question to those who still short YHOO! and AOL. Are there still anyone left who began to short YHOO! at low 30s or short AOL in the high 20s before split? There is a guy who bailed out of YHOO! at 108 today. He shorted YHOO! from 43 and said that he just could not take the pain any more. It's also interesting that numerous shorters cite that they are rich so they can wait patiently (translation: a 200-500% loss)for these issues to drop. How funny! And what's the rationale here? I mean, to risking losing several hundred percent for a less than 100 percent gain. It just does not make sense. good luck, larry!