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


To: Blacksmith who wrote (12034)7/27/1998 11:22:00 AM
From: Marconi  Respond to of 18691
 
Hello RJH and all:
Some gap openings down today included VVUS, CCSI, AENG, CTXS, NSCP, and AMZN. Last week it looked like these fell on declining volume--my interpretation being a lack of buying enthusiasm. Several of these look like they will trade at or above average volumes today. Would technical analysts and more experienced trader please comment about what this might mean? Also, what else should one watch for?
Best regards,
m



To: Blacksmith who wrote (12034)7/27/1998 11:51:00 AM
From: jeff nightbyrd  Read Replies (1) | Respond to of 18691
 
I bought Puts on several internet stocks on Friday - but cautiously.

Is this the time to jump in and and short a handful? I've been early many times before. Bought Puts on AOL and the outrageous, outlandish, extreme price of 60 many eons ago. That demonstrates my incredible sense of timing.

But once again I'm very tempted. It seems sentiment has changed, reality sets in, and perhaps the tide has turned. Anybody share my idea of the current situation.

I particularly like Amzn, Yhoo, and Seek to short. AOL scares me because it has a real monthly revenue stream and seem like it could erode more slowly.

I assume when these stocks go down they will crash quickly.

Other opinions?

good trading,

jeff