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

To: tcarnes who wrote (12243)	8/1/1998 12:22:00 AM
From: LTK007	Read Replies (1) \| Respond to of 18691

NEWZ leaps 5 points in last moments of trading on Friday with someone on the floor buying the stock at a frantic pace so fast the they accumulate 1million shares in 15 minutes--and you recommend this as a short--I don't understand your logic on this.That is JUST my honest opinion,only.Good luck,Max

To: tcarnes who wrote (12243)	8/1/1998 12:29:00 AM
From: 1-DAY-TRADER	Read Replies (1) \| Respond to of 18691

Here are my own views on NEWZ & BBC & INCL NEWZ has spiked artificially, and I would short artificial pumping, because they eventually fall like a rock. Thus, I would short newz because it is in a down-trend, but this last minute spike put it above the 50-day moving avg which is $10, thus I would short it on Monday if it stayed above $10, but I am almost sure it will open way under what it closed at Friday, perhaps $6-8. Same goes for INCL. All artificial pumping. BBC, however, I wouldn't short at this level. It has good fundamentals over all, and it is way above the 50-day moving avg, and in an upward trend which is dangerous. The market is full of many FAT stocks that needs some weight-loss. :) I like just 1-day-trades. This is my style, and it works 99% of the times for the past 2 years.