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

To: larry who wrote (7401)	4/20/1998 9:19:00 AM
From: RagnBull	Respond to of 18691

Larry, This week there will, I think, be a huge battle between Internet shorts and longs and I certainly can't project the winner. However, it seems to me that having the 4 search engine companies (Yahoo!, Excite, Lycos and Infoseek) close last week with a combined valuation of around $10 billion (calcualated on a fully-diluted basis), is excessive. So, I would expect that sometime soon, these stocks will adjust to more sustainable valuations. Sleep is much more important than speculative profits. Sleep well.

To: larry who wrote (7401)	4/20/1998 9:52:00 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 18691

So much for the Bearons' effect. larry, don't you know that, to those buying 'net stocks at these levels, a negative story in Barron's is reason to buy? They fancy themselves contrarians and, because everything they read is negative, they reason that it is time to buy. Funny, I thought contrarian investing had a little to do with value and undercoverage. Oh, well.