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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 (8115)	5/1/1998 12:02:00 PM
From: Bald Man from Mars	Read Replies (2) \| Respond to of 18691

Hope your ZONA shorts can cover up your bet on KTEL, up 20% so far today. How can a stock with a float of 1 mil traded over 4 mil already today, it is beyond me ... Not to mention it traded 8 mil a few days back. I think the average amount of time KTEL stays in any portfolio is 15 seconds...

To: Roger A. Babb who wrote (8115)	5/1/1998 1:22:00 PM
From: Michael	Read Replies (2) \| Respond to of 18691

Just shorted KTEL at 46 1/2 but only 100 shares. WAY TOO DANGEROUS to short big amounts. Your Friend, Michael

To: Roger A. Babb who wrote (8115)	5/2/1998 2:06:00 PM
From: White Shoes	Respond to of 18691

Roger, your play is impressive and everyone should take note. BAILED WITH A LARGE LOSS from KTEL short. Well done. We haven't seen the last of KTEL, not by a longshot. It will be a great short but the obnoxious Louis Riley is of course right when he says that people keep thinking they can pick the top, but they cannot. Note with KTEL it is an argument over valuation...and since it is now on the radar screen it's a debate over a high P/E....not a debate about no earnings and impending bankruptcy or anything like that. It is quite simply irrelevant now that it traded for $7 a couple weeks ago...although I think long term and technically speaking this might be a relevant fact and that a good target for when the dust settles might be $15. Who knows if this will occur 1 or 3 years from now however, kind of a long time to wait to prove a point. I think I want to subscribe to the McNabb's newsletter, or daily thought processes, or something. They aren't dumb.