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

To: Pancho Villa who wrote (8465)	5/6/1998 11:13:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 18691

If anyone is feeling lucky, I just daytraded GMGC on the long side. Running amok now. Last time it ran like this there was a big pullback the next day.

To: Pancho Villa who wrote (8465)	5/6/1998 11:18:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 18691

i think the consequences of doing this would be worse than raising rates. Why? They don't want to stall the whole economy, just take out the excesses. The biggest excess is "asset inflation", "irrational exuberance", whatever. If they can let some air out of the bubble, perhaps they won't have to do more. Consider it a targeted strike intended to avert an all out war. Bob PS: Do Mexicans go out for burgers and Budweisers on the 4th of July?