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


To: Druss who wrote (9045)5/21/1998 11:15:00 AM
From: Marconi  Read Replies (1) | Respond to of 18691
 
Hello Druss:
momentum crowd is in. Regards, m (eom)



To: Druss who wrote (9045)5/21/1998 12:04:00 PM
From: craig crawford  Read Replies (1) | Respond to of 18691
 
<< I can find no reason for the upsurge except a squeeze being orchestrated. >>

Orchestrated? There are just too many shorts, and when a few start covering the rally starts to build. These kind of rallies are good for initiating a position if you don't already have one. I just got some at 9 1/8, and don't care if it goes to 19 1/8 due to short covering.

Eventually it will be worthless...



To: Druss who wrote (9045)5/21/1998 12:51:00 PM
From: Timoteo  Read Replies (1) | Respond to of 18691
 
News release about Hitachi storage deal along with squeeze/momentum. Shorted more and bought 20 7.5 Sep Puts. Possibly last dead cat bounce.

Best,

Timoteo