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

To: Oeconomicus who wrote (9516)	6/1/1998 10:03:00 PM
From: clochard	Respond to of 18691

Doesn't the market have a natural bouyancy with all the 401k money being pumped in? It must be possible to mathematically model the market with x amount of new money being thrown in every day. Maybe at this stage the smart money is feeding their paper to the rest of the market and going to bonds.

To: Oeconomicus who wrote (9516)	6/1/1998 10:12:00 PM
From: Lazlo Pierce	Read Replies (1) \| Respond to of 18691

<<BTW, had you noticed, larry, that the gains in the Nasdaq Composite from last October to now are a big fat ZERO? >> *********************************************** Am I missing something? I show Oct high was ~ 1650, we're now around 1750. That's not to mention how low the NASD went to in Oct, and after, or how much higher we were a few weeks ago. Dave

To: Oeconomicus who wrote (9516)	6/1/1998 11:43:00 PM
From: larry	Read Replies (1) \| Respond to of 18691

R.D.B, First, David has shown you that Nasdaq has gained about 100 points since its 97 Oct. high. Second, I was just using EGHT as an example to show how wrong Mr. Short can be. In his famous Barrons cover story last September, he highly recommended EGHT and claimed that this was the only high tech issue he would buy and would keep buying (until it drops to 0). The fact is that he was absolutely wrong because the company was a total mess. CEO resigned, product had problem......well, the bottom line, is that it got a 50% haircut (without the recent upside move, it would be even worse). And the rumor has that Mr. Short sold all his shares between 8-10. Want to know how EGHT longs describe him? Third, Mr. Short is the most famous DELL bears and have claimed that he heavily shorted DELL in the 70s and 80s presplit. I am wondering how much he made by shorting DELL. To me this is an absolutely horrible call and if a person is that stubborn to his bearish view when an issue enjoyed a 600% gain (I believe that he cried out shorting DELL at least two years ago), then what can you say about the credit of this person? The only word I can use is brave (and stupid). Fourth, I agree with all of his data but don't agree with lots of his point of views. To draw a line between the current market and that of 1929 is at least oversimpification. And to call those who buy stocks at currently level insane is also ridiculous. larry!