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


To: Roger A. Babb who wrote (7507)4/21/1998 7:24:00 PM
From: country boy  Read Replies (1) | Respond to of 18691
 
Roger:

<<<if you identify one of these spikes early enough, go long first...>>>

I've been tuned in on this thread (like it very much) and this is my first post.

I went long SEVL today at 6 1/4 and MARG at 15 3/4. I'm still in SEVL, sold MARG at 26, and got back in at 20. I didn't even try to short these; takes more nerve and clairvoyance than I've got. Right after I bought MARG I watched it go to 24+ in less than 10 minutes! With both pulling back at 3:00 only to recover strongly, I see more upside in them tomorrow. Seems very dangerous to short these ATM, though they may be good candidates very soon.
Ideas?

country boy



To: Roger A. Babb who wrote (7507)4/21/1998 10:31:00 PM
From: Sabrejet  Read Replies (1) | Respond to of 18691
 
Roger, hello. The game of boxing has become a tax nightmare. I've read some pretty desperate posts "begging" for shorts like it's an addiction.

Some of these are obviously full of hot gas BUT also have a thick skin! Earnings for the future are said to be good(down the road). The market has lowered expectations and frankly is relieved that the quarter is panning out o'k, therefore our recent movement. The net stocks are being fueled by a pack of wolves! I've been fortunate to be in on a couple but would never short them at this point due to the unexpected!!(check out KTEL split 2-1 May 8)Now who would know that?!!! Too dangerous.

I trade ZITL with you back a year or so ago and made a killing! I aapreciate your efforts but I'm not sure this is the time to short the "unexpected"!

Best trading to you!

seczebra