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

To: McNabb Brothers who wrote (8525)	5/7/1998 3:23:00 PM
From: Roger A. Babb	Read Replies (3) \| Respond to of 18691

Hank, sorry but I had an important meeting come up and I didn't go. I will call tomorrow and see what happened, totally routine I expect.

To: McNabb Brothers who wrote (8525)	5/7/1998 6:37:00 PM
From: ItsAllCyclical	Respond to of 18691

Did anyone short AT&T when it was close to $70. It's now 58 and currently on a downtrend. Todays close at 58 confirms it. It's also below it's 50 day moving average. It may only go as low as 55 (200 day MA) but has the possibility to go much lower in a down market (46-50). I picked up some June 55 puts for 1 1/16. This was my first option purchase. I'm not sure if it was good or not. Since AT&T is a dow component it should come down nicely with any market selloff.