Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lazlo Pierce who wrote (9150)	5/25/1998 10:02:00 AM
From: Pancho Villa	Respond to of 18691

WDRY: There is a possibility Asensio misinterpreted some of the accounting going on at WDRY and realized later he was wrong. IMO WDRY is a good short based just on the extreme leverage and poor return on assets the company shows. This puppy should see substantially lower prices soon. I see no way these guys will be capable of covering their debt and providing some free cash flow for investors, particularly considering the high prices they are paying for new businesses Look at charts of a basket of stocks and you will see how most have had an abnormally sharp raise in price since January which is totally inconsistent with deteriorating fundamentals. This will not last despite MFMs not selling. Prices should correct substantially despite whatever the fed does to rates. IMO the raise in bond prices we saw last week (lower interests) was due from fear of equities, people are getting out of stocks, this trend should continue. pancho A good idea may be to save such reports as html files. I am considering doing that with the Bally Sucks pages.