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

To: Market Tracker who wrote (10259)	6/18/1998 1:02:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 18691

All: CCSI is up to 8. A poster on the CCSI said that he heard that Asensio had covered and another claimed the THE DEAL is rumored to be imminent. It's nothing out of the ordinary on an Asensio related thread. It's right on schedule as a matter of fact. CCSI seems to have some resistance at 8. I added to my position at 8. Barb

To: Market Tracker who wrote (10259)	6/18/1998 2:24:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 18691

It's amazing what analysts consider "attractive". Sounds butt ugly to me: CDNow (CDNW) 17 3/4 +1/4: Adams Harkness initiates coverage of on-line music retailer with "attractive" as issue is selling at 1.8 times projected 1999 revenues, company in a protracted period of heavy operating losses and shares are extremely volatile; a question remains on the impact of Amazon.com's (AMZN 80 13/16 +1 13/16) entry into the music retailing business; firm expects CDNW to lose $2.92 a share in FY98 and $3.22 a share in FY99.....

To: Market Tracker who wrote (10259)	6/18/1998 2:47:00 PM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 18691

MT, Based on several recent decisions, as well as their "unusual" takeover accounting, one could make a compelling argument for shorting DIS. I haven't done so yet, but did liquidate my long position (which did quite well for me over the years) just a couple of months ago. I don't have much faith in them at all. Much the same could be said for most media companies. Radio companies have been pretty much in the news around here recently, with Infinity (CBS) swapping stations with Jacor and getting some scrutinty in the local press. I haven't done much DD on those either, but it seems to me that the radio conglomerates are paying more for stations than the advertising revenue could ever realistically pay back. There may be some efficiencies to combining operations and syndicating over a large network of stations, but how big an advantage can that be? There aren't a whole lot of Rush L's or Howard Stern's to take over the nation's radio airwaves, are there? It seems like everybody is overly valuing ANY kind of media, wherever it can be found. Internets are just the most extreme example. It doesn't seem to make sense to me. mg