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


To: hal jordan who wrote (7190)4/16/1998 10:14:00 PM
From: larry  Respond to of 18691
 
HJ,

Thanks for your good words. I believe that the best way for you is to buy deep out of money puts when this thing goes south. Not now.

I am currently long only several issues, mainly Yahoo!, IDTC, and YURI, and short term trade other issues (even shorted KTEL and NSOL yesterday and made some nice gains). Will probably sell the rest of my Yahoo! soon. Has been up 50% with YURI so far and this issue should go up to higher 30s based solely on upgrade and short interest. Accumulated more IDTC at 30. Have called this issue since 12. Near term target at high 40s after they announce blowout quarter on May 20th.

I am not really worried about losing money right now. Even if all my current long positions go down to 0, I am still up big this year.

good luck,
larry!