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


To: McNabb Brothers who wrote (11761)7/20/1998 10:21:00 PM
From: Boplicity  Read Replies (1) | Respond to of 18691
 
The time short YHOO and AMZN is close. Vol. is lower now, failure to pass old highs will be the first indication. After earning season is my bet. I see money flow that is negative for the first time since the insanity started. The current rise for all the indictors is being driven by a narrower selection of stocks. So I see a unhealthy market wide condition. BUT the drop is not going to be very large, YHOO and AMZN will not drop for an extended time like you have seen in PRST or MU for that matter. AMZN and YHOO represent a change in the economy, it will be 1 to 2 years from now to see if they are for real.

Greg