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

To: Roger A. Babb who wrote (9999)	6/14/1998 10:31:00 PM
From: Ploni	Read Replies (1) \| Respond to of 18691

My shares of WDRY were called in a couple of months ago. I made the mistake of covering as soon as the broker called me, instead of asking if I had three days, and trying to wait them out. The stock proceeded to drop over the following days, though it then rebounded. * * * (I didn't have anything too important to say, but I wanted to claim post 10,000, since I've read practically every post on this thread.)

To: Roger A. Babb who wrote (9999)	6/14/1998 10:37:00 PM
From: rocklobster	Read Replies (1) \| Respond to of 18691

Short KTEL at the open. KTEL just ran up from $9 to $17 dollars on Thurs and Fri in part from a short squeeze and in part just from momentum madness. It couldn't have been all squeeze as the entire float changed hands several times over on thurs and fri. Shares are hard to get though. I'm currently short and looking to short again Monday morn if I can get the shares. The price and volume action look surprisingly similar to VVUS run up from $9 to $14 last month. When VVUS topped out at $14 it coasted all day and then collapsed again over the next week. KTEL had a nearly identical pattern of opening flat Fri. running up in the first half hour and then fading away the rest of the day with a few failed rally attempts that never took it over the morning high. I believe it will go back to $9 rather quickly, 1 to 2 weeks with a few failed rally attempts along the way and then will probably finally continue to fall. Later, Richard