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

To: Mama Bear who wrote (12198)	7/31/1998 9:14:00 AM
From: Seacat III	Read Replies (1) \| Respond to of 18691

INCL...stock goes from 4 to 6 at 10x normal volume in one day based as best as I can tell on rumor. Any thoughts?

To: Mama Bear who wrote (12198)	7/31/1998 3:15:00 PM
From: BelowTheCrowd	Read Replies (2) \| Respond to of 18691

Some pretty scary stuff came to my attention today. Every year I go to the San Francisco version of a traveling circus called "The Money Show", which is basically a forum for a whole bunch of analysts to hype their newsletters and fund companies to convince you to give them your money. It's free "to a select group" and they seem to make all their money on hotel kickbacks. It's an interesting place to go if you want to calibrate your version of reality vs. everybody elses. These are some of the presentation topics from the upcoming conference. I've left off my fairly obvious snide comments. * Change: The Wright Brothers to the Internet -- Opportunities for Profit * 40% Annual Gains from Value-Based Momentum Stocks * Today's Low Risk, High Return Opportunities * Investing in Aggressive Growth Stocks * Electronic Trading: How to Trade Stocks for a Living * The Assault on Dow 10,000 * Certain Wealth in Uncertain Times * Real Estate Investments: High Yield, Low Risk * We Can Prove that Every Adult in America Can be Wealthy! That last one provides an interesting parallel. Anybody remember the Harper's (?) article I believe titled "Everybody Should be Rich!", published in 1929? Of course, I could be accused of inaccuracy if I didn't point out that three of about 200 seminars had somewhat cautionary topics: * How to Bear-Proof your Portfolio * Funds to Bear-Proof your Portfolio * Manias and Mayhem, A Workshop That May Just Save Your Financial Future. The bottom line is that about 50 of the best known "experts" are going on the road every couple of months, and passing on the message that everything is going to be great, there's no real risk anywhere and in fact high returns with no risk are achievable. Despite the show's claim to exculsivity (A $900 value! Free by invitation only to special people like you!), the fact is that most of the people I've seen there in the past appear to be middle-aged or retired, not of apparently great means and certainly not people who should be expecting to live off their online trading accounts. This whole thing will end very badly. When it does, smart people who saw it coming and got out of the way will be "asked" to pay the costs for all the other lemmings. Begining to wonder if my money would be safer under the floorboards... mg