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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 (8292)	5/4/1998 1:19:00 PM
From: megazoo	Read Replies (1) \| Respond to of 18691

ENMD is the primary benefactor of this news. But RGEN may be a better buy (day-trade) or short-term. If it closes above 3 today, it can go up to 4/5 tomorrow. good luck

To: Joey Two-Cents who wrote (8292)	5/4/1998 7:23:00 PM
From: Pancho Villa	Read Replies (3) \| Respond to of 18691

RGEN: I will check with my MD friends.... here is some info from a board somewhere in cyberspace: DAYTRADER: We have a little secret for you: The stocks that are piggybacking Entremed (ENMD 55 1/16 +43) higher today will all come crashing back to earth, very soon. BLSI (7 3/8 +5 1/4, +247%), MAGN (8 3/16 +2 1/4, +38%), RGEN (3 17/32 +2 1/16, +140%) and IMGN (+2 1/16 +17/32, +35%) will all hit the wall. It won't happen today and, if the stocks are extremely lucky, maybe not even tomorrow. But when the momentum ends, the short-sellers will finally get there chance to hit a homerun. If shorting momentum stocks, one really should have a plan or some rules, otherwise you could find yourself the victim of a margin call, or even worse, a capital sucking two-bagger. A few hints: 1) be careful about holding a high-flying short overnight, the stock could gap open and eat you alive the next day; 2) No need to be a hero. Fighting the trend can kill you. It is much less risky to short the stock once it begins to collapse. 3) In most cases, the initial retreat is not the time to short the stock. The first uptick on a tumbling stock is often times the near-term bottom. Traders may want to use that recovery in price as an opportunity to short. For those who don't have much experience shorting stocks, these rules may help you get started. Of course, they are certainly not foolproof. Before placing serious money on a short position, one should make several test runs on paper. Remember, with momentum stocks, one can quickly lose their entire stake on the short end. These stocks always climb much faster than they fall. But if you can develop a strategy, 40% and 50%, 3-day gains are often times the reward. Pancho