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

To: Joey Two-Cents who wrote (7539)	4/22/1998 9:28:00 AM
From: Pancho Villa	Read Replies (2) \| Respond to of 18691

JTC: will take your comment seriously. My shorts have stabilized in the last two weeks with BFT retreating some. Did you read my post on the "pro" who told me tell me when you are covering so that I start shorting? In his opinion we are in a mania but this rocket market wouldn't run out of fuel until the Fall! Pancho

To: Joey Two-Cents who wrote (7539)	4/22/1998 10:39:00 AM
From: Lama	Read Replies (1) \| Respond to of 18691

Another one to add to your list. PSFT released earnings yesterday: Revenues from license fees for the first quarter of 1998 increased 64% over the comparable period of the prior year. Revenue from services for the first quarter increased 100% over the comparable period of the prior year. Three-month earnings per diluted share of $0.13 vs $0.07 for the same period a year ago. Stock price: DOWN 4 to 51 15/16 What a market! Moral of the story: Go long on companies reporting losses and short the ones that report good earnings!