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

To: Peter V who wrote (6718)	4/10/1998 2:23:00 PM
From: cellhigh	Read Replies (1) \| Respond to of 18691

is being right at the wrong time..right?..not in the market it aint!

To: Peter V who wrote (6718)	4/10/1998 2:48:00 PM
From: Gordon A. Langston	Read Replies (1) \| Respond to of 18691

Since many of you have been investing long enough to recall the Oct. 87 time period perhaps those who had interesting experiences could relate them here on this long week-end. I for one would appreciate a personal viewpoint. Long or short the internets, you are on paper until you close the position,.. and holding your breath sometimes in between. I wouldn't touch them and feel I lack the skill or temperament to do so. I personally think posters such as Ron or Craig have something to offer but will, if given the chance, "stick the needle in a little bit". THINGS CHANGE

To: Peter V who wrote (6718)	4/10/1998 3:37:00 PM
From: larry	Respond to of 18691

Peter V, I totally agree with you. All of us want to make money and that's why we come to this board and then make the decision to invest in certain issues. I also believe that those with the best performance are the kings. No matter what you guys want to say about Abby Cohen, she is the current queen on the Street. Jim Rogers, Bill Fleckstein will get their days, but not now. And who knows when? According to the TA, chart, those guys should have already entered their golden stages. For issues like Yahoo!, when it was traded at 50s, people were already abandoning traditional valuations. And when this happens, things can go astronomically high. I mean, if Yahoo! can demand a 250 forward P/E, it might well reach a P/E of 1000 in a short period of time. Sure it can crash sometime, but all stocks (including blue chips) crash along their ways. The question is when Yhoo! corrects, it might drop from 300 to 100 and have a severe (67%) correction. Even so, what about those who shorted in the 30s, 40s, 50s...? They are either already out of the game or can never claim any profits after enduring tremendous pains. Maybe they can proudly tell their kids that they were brave enough to short an issue and sustain a 500% upside move before final capitulation. larry