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

To: Mike Farrar who wrote (7094)	4/16/1998 9:05:00 AM
From: Timoteo	Respond to of 18691

Jeff-you are right in being cautious about ITWO. I have been following the stock for some time and the relatively small float makes it ripe for manipulation. It has a tendency to make big moves on light volume like yesterday and then drift. I am guessing it will drop after earnings, but with the drift up it won't have as great of an effect. I think ITWO will be another RMDY or CLFY. They will have one disappointing quarter some day and the stock will end up back in the 30s. It might not happen for a while; if it occurs in a market downturn all the better. I started shorting again @ 58 and added yesterday for an average of 65. My position is not too large, but I think the upside is limited at these levels. By the way, are you still short ASND? I got impatient with the sideways movement and sold yesterday for a 1/2 point loss. (Of course then it went up:) Best Wishes, Timoteo