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

To: larry who wrote (9917)	6/11/1998 4:23:00 PM
From: Mama Bear	Read Replies (2) \| Respond to of 18691

>>>Maybe professional shorters should stick to minor issues in a bull market instead of pointing fingers to brand names ala KO. It doesnot work.<<< larry, you and I agree 100%. I am seriously considering instituting a hard and fast rule in my shorting discipline that I will not short (other than as a daytrade) any company that has positive earnings. I've been doing very well with the company's that operate on the shady side of town, and don't see it as worth the risk shorting companies with any hope of long term survival. Barb

To: larry who wrote (9917)	6/11/1998 4:48:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 18691

larry, do you listen to yourself? "Nanny nanny boo boo - you guys sure are gettin' killed - you must be fools just like your heroes - why don't you just short Coke?" Brand names? If you are so sure that AMZN doubled because of its "brand" and can do it again, are you buying it? Yes, we are totally dumbfounded by its rise and its valuation. I can't, for the life of me, figure out who, besides nearly broke shorts, would be buying this stock. Even in the 40s. Hell, the 30s or 20s. Remember this, though - The mindless sheep that are buying this (long) now will be much more dumbfounded by its eventual fall than we are by its rise. We at least understand what has happened the last 3 days - a very well executed squeeze. Those long now won't have a clue what happened when it collapses and will probably blame it on the shorts, though there are very few left I'm sure (unless, of course, Vinik used this volume to reverse his position). BTW, the S&P futures ended the afternoon at a substantial discount to cash. Are you so sure this is still a bull market? In the long run, ALL that matters is fundamentals. In the short run, there are plenty of signs that it is beginning to come to the attention of investors that the fundamentals don't support the market's current levels. Or 10% less than the current levels for that matter. Later, Bob