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


To: Oeconomicus who wrote (8966)5/19/1998 2:42:00 PM
From: Joey Two-Cents  Read Replies (2) | Respond to of 18691
 
<Thought for a second there that we were getting a "sell the news" after all. Now,nothing. Long bond isn't doing much either, except for a couple minutes right after the news..

quote.yahoo.com^TYX&d=1dAn anticipated non-event.

An anticipated non-event. Looks like we set our sights to August the historic high point of the 2 biggest crashes. Maybe by that time PE's
will be 35 and the Dow 10,000. Though this market is looking mighty tired and might collapse from exhaustion.

Now that the cancer conference is over, looks like the Cancer Bio-Stocks are coming back to earth. Was reading thread on ONXX positive reports today in SD Examiner & NY Times Science section, reaction - 1/2. Though profits and prosperity are years away, they don't provide the excitement of those zany internet stocks. Time to move on to some other craze. How about some NY Yankee Beanie Babies.

On another note tried to short more ZITL this AM (Waterhouse), no luck. Looks like it may be finally going down for the count.



To: Oeconomicus who wrote (8966)5/19/1998 3:41:00 PM
From: Joey Two-Cents  Read Replies (1) | Respond to of 18691
 
<Thought for a second there that we were getting a "sell the news" after all>

R.D.,

Seems like you may have spoken to soon, does look like a little "sell the news".

ENMD down 2 1/2. With all the hype the last couple of days I wouldn't be suprised if certain media types didn't load up on these stocks before reporting about them. I bet you alot of them were hoping fo another ENMD so they can make a killing and write a book.