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

To: choban who wrote (10959)	7/6/1998 1:05:00 PM
From: Roger A. Babb	Respond to of 18691

choban, I am watching KLB, no position yet.

To: choban who wrote (10959)	7/6/1998 8:42:00 PM
From: Roger A. Babb	Respond to of 18691

Choban, after looking deeper at KLB, I would NOT short it. Yes it is crazy for it to go up like this, yes it will come back down eventually, but it has a small float and some very wealthy investors, wealth which greatly exceeds even the current KLB market cap. If they chose to do so, they could crush any shorts by buying shares and running up the price more. Also they could cause short shares to be called in. Big money on the long side can beat big money on the short side on small cap stocks anyday. Dangerous to short a smallcap that is supported by "angels".