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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 (10880)	7/2/1998 11:22:00 AM
From: larry	Read Replies (1) \| Respond to of 18691

Roger, I stopped trading internet stocks (including AMZN early last week). I did manage some nice gains, but the valuation and market caps have come to very ridiculous level. I think that you guys are very smart and have long realized what a ridiculous game this is. However, I don't think that anyone has the ability to predict a top and the timeframe of a crash. I thought that AMZN blew through 100 presplit, the issue could go straight to 200. And now it's sitting at 230, why can't it go up to 300 before the crash? Or 500? VAULATIONS SIMPLY DOESNOT MATTER since no one is thinking about PE, PS, cash flow on these issues. When such a game is on, I just don't understand the rationale behind the minds of short sellers. I have repeated several times that short sellers will reap in big gains when no one is giving a damn about how AMZN rise 10 in a day and lose another 10 the following day. Right now I am witnessing one of the craziest manias in this bull market. I just think that it's way too risky to get involved in both sides right now. If you are a professional shorters, you should learn from Barb and stick to crappy issues like ZITL, KRY, ZONA, LOCK, CFON,MARG......and make happy gains. You will have time to raise hammers on AMZN later. good luck, larry!

To: Roger A. Babb who wrote (10880)	7/2/1998 11:55:00 AM
From: Joe Stocks	Respond to of 18691

WDRY> Any news? Does not seem to be trading. E-trade wants me to cover. Joe

To: Roger A. Babb who wrote (10880)	7/2/1998 11:18:00 PM
From: Mongo Slade	Read Replies (2) \| Respond to of 18691

Roger what do you think about buyout talk for YHOO ? I think the AT&T rumors are just that. They need time to digest the TCI deal. Also why would anyone spend @9 billion for YHOO ? Anyone could build a web site comparable to YHOO for less than $9billion if you ask me. I surprised the TV networks haven't already gone this route i.e. spend a little $ to develop a site with all the bells and whistles and then promote the hell out of it during primetime. Finally, I think you will see the smaller "portal" companies get taken out before YHOO.