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

To: craig crawford who wrote (9587)	6/3/1998 4:53:00 PM
From: ItsAllCyclical	Respond to of 18691

Craig - Re: KTEL I tend to disagree on the timing of the next drop. KTEL volume has fallen considerably and has leveled off some. This is usually a sign of an impending BIG move. Given KTEL's trend and the fact we really haven't seen the longs panic yet, I think we'll have a day where KTEL loses 5+. This will probably happen in the next 2 weeks. At that point I'm going to cover 1/2 my short (maybe) and box 1/4 (maybe reverse the two) and wait long term. KTEL continues to make new intraday lows so don't expect short covering. The last news barely moved KTEL. The KTEL shorted shares are in stronger hands than before. There continues to be massive insider selling. The low volume will not be able to absorb this. MSFT, DELL and AOL all testing 50 day moving averages. INTC well below. No leadership = no market...