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


To: Mama Bear who wrote (10588)6/25/1998 6:36:00 PM
From: purecntry5  Read Replies (3) | Respond to of 18691
 
Anybody want to give me your opinion on this?: I short sold some MSPG today at 93 looking for a end of day dip but didnt get....decided to cover for a small loss instead of carrying overnight and the jackasses at Ameritrade end up BUYING(long at 94 1/2) instead of covering my short...so now I have an unwanted boxed position....I filed a trade dispute but wondered if anyone here had an idea of how I can spin this to benefit me.

ۇ



To: Mama Bear who wrote (10588)6/25/1998 10:20:00 PM
From: Roger A. Babb  Respond to of 18691
 
Barb, we missed this one EQMDE, now delisted, but was shortable right up to the end.



To: Mama Bear who wrote (10588)6/26/1998 2:57:00 PM
From: Market Tracker  Respond to of 18691
 
LUCK?!? You call my mastery of market timing LUCK!?!,

Barb, I posted the following message to the AMES Yahoo board on 6/24.

"My new situation is a fairly conservative investment grade issue First American Financial (NYSE: FAF: 89 3/8). They are very-likely to post 1998 year over year EPS comparisons of ~ 100%. 1997 EPS of $3.73, and 1998 12/31/98 projections have recently been increased to as high as $7.50 per share. FAF is *the* leading provider of real estate-related financial and information services to real property buyers and mortgage lenders. Their products and services include title insurance, tax monitoring, credit reporting, property data services and appraisal services. Earnings estimates have been blowing the roof off so far this year, and are expected to continue. At less than 12X expected 1998 EPS, I think if you take a quick look at this one you'll agree."

Today the company declares a 3-for-1 split with shares topping out at 93 9/16. Should still prove to be a good holding from the long side.

Talk about luck,

The harder I work, the luckier I get. :)

Gary