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


To: Kailash who wrote (9572)6/3/1998 12:14:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 18691
 
My only shorts now are ZITL and QADI. I closed AEOS for the day but may come back if it shows more weakness.

ZITL is a short and forget. I got tired of trading it so I will just hold.

I may give up on QADI. It's too rangebound despite blowing this quarter and being overvalued to start with.

All the other high flyers are too prone to whipsaws. Leave your PC for 20 minutes and the reverse 5 - 6 points. My pockets aren't deep enough to play that game.

I would suggest watching the tech hardware sector for more earnings warnings soon. If the theory that earnings will recover in the the second half of 1998 is blown, lots of boxmakers and semi companies, plus peripheral makers, will probably fall more. The best value short I have seen on this thread lately was AMD. Too bad I didn't jump in.