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

To: Pancho Villa who wrote (11486)	7/14/1998 12:38:00 PM
From: Mr. Green	Respond to of 18691

Is anyone shorting AAPL today b4 earnings? Thoughts?

To: Pancho Villa who wrote (11486)	7/14/1998 12:43:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 18691

Anyone shorting EGRP (E-Trade) or AMTD? I'm long on both but would welcome other opinions. Both stocks have just started to break out above their 50 dma and 200 dma. EGRP now has money to acquire more market share (already #2 by a solid margin). Both have high short interest (reason for previous peaks 1 yr ago). Cheap compared to sector. There are other reasons too, but unless someone is short I won't go into it further.

To: Pancho Villa who wrote (11486)	7/14/1998 1:00:00 PM
From: larry	Respond to of 18691

Dear Dr. Pancho, I have to agree with you on most of what you said. Every serious investor knows that the market is overvalued. However, when a market is overvalued, it can remain so for a long period of time unless some fundamentals of this market become deteriorated. And I don't see that happening for US market in the near future. How important is internet? Every wise man can answer that question and I do see unlimited upside potential on the growth prospect on some of the brand name companies, especially YHOO!. I don't like the service of AOL. But they are a brand name and will continue to pull in customers. So they do have a great potential. I never really liked AMZN after it reaches 60 (prespilt) but I guess that a smart short seller won't sell short an issue that has a short interest well above the float. That's equal to committing suicide. But I do like YHOO! at current price. I think that it will take over DELL as the fastest growing big high tech name in the next ten years. Also as long as people view the US market as safe haven, they will keep pouring $$ into MSFT, DELL, which will eventually drive the PE to astronamical numbers. The way it goes, maybe we will see those to at PE above 80-90 soon. I think that I am very careful at managing my portfolio. I never go against the trend. And you have to agree that trading issues like MSFT, DELL is really easy money. All you need to do is load up issues 6 weeks before earnings report and when the rally goes beyond a certain level, sell the issues before the report. All my predicted price target about AOL, MSFT, YHOO!, LU, CSCO have come true. DELL is the only one lagging. DELL will definitely move toward 125-135 within the next month. After the report, it's anyone's guess. And maybe short sellers will get some nice nutrition after September. Another 10-20% correction? larry!