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

To: Bald Man from Mars who wrote (7064)	4/15/1998 5:05:00 PM
From: CatLady	Read Replies (1) \| Respond to of 18691

BMFM - I'm screwing up right & left lately. I let profits on a couple of option trades from last week get away from me, and my read on LCOS was 100% wrong. Expensive lessons, but I will learn not to repeat these mistakes. CL

To: Bald Man from Mars who wrote (7064)	4/15/1998 5:09:00 PM
From: Oeconomicus	Read Replies (3) \| Respond to of 18691

Baldy et al, did anyone notice the late decline in INTC? Tom Kurlak (sp?) made bearish comments, including suggesting it may hit $60. All the box makers were up today, IMO due to the Street's initial positive reaction to INTC's earnings, and none of them sold off much late in the day when INTC did. What I can't figure out (kidding of course - I don't really expect analysts to be rational) is how most of the Street could interpret a 20% year-to-year decline in eps, projected further deterioration of revenues and margins, $200 mil hacked off the CAPEX budget and shrinking payrolls as a bullish scenario. Could INTC drag the techs back down tomorrow (except 'net stocks of course - they'll be the safe haven again I guess)? Ooh! Cendant is restating '97 due to "accounting irregularities". Halted down 9 after hours. Pop! Cracks in the foundation? Does a house of cards have a foundation? Bob