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

To: Peter V who wrote (10453)	6/23/1998 4:15:00 PM
From: Roger A. Babb	Read Replies (5) \| Respond to of 18691

Peter, I am averaging up my short positions on AMZN and DELL as they climb up. Not short AOL or YHOO yet. This is a crazy blowoff that will certainly crash aka ZITL and PRST. But could go much higher first. Shorting AMZN now is free money, but only if you have the margin to hang on.

To: Peter V who wrote (10453)	6/23/1998 4:23:00 PM
From: Kip518	Respond to of 18691

When the internet crazies began a few weeks ago, the explanations given were that these stocks were: 1) immune to the Asian flu; 2)a place for the hot money coming out of chips & other suffering techs; and 3) take-over plays. With Asian again less of a concern and the tech & market rally starting up, in theory, money should begin to flee the speculative internets for games elsewhere. (As for takeovers, SEEK being down yesterday and about 2 points today when the rest of the sector was up, throws some water on that idea). Well, that certainly didn't happen today. AMZN, YHOO & AOL again squeezed shorts to the close. But, if there is any basis to the argument that internets run counter to Asia fears & the techs, then we may be at a top here.