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

To: Frank Griffin who wrote (12311)	8/3/1998 4:20:00 AM
From: 1-DAY-TRADER	Respond to of 18691

ENMD & PRST as shorts : ENMD: I would not short it for more than couple of hours intraday on a momentum down-trend sell-off and only after it reaches the high of the day preferably at > $ 32-33. I would never stay short over-night. It still has a great potential for upward momentum. But if you want to short it for a longer term, then I would wait till it spikes up again to like $45-55 ( which is still very possible when the interNUTS momentum dies down), then I would short it on that same day but only after it reaches a peak and you begins to curve down. In This case I would short it for few weeks, then get out again. PRST: It looks beaten down, but not completely. It still has some FAT in it, but I would not short it below the price of $12.50 - $13.50 (50-day MA). It could still go up to these levels again on a bullish day. Personally, I would not short them right now because they are old high flyers. One could get stuck in either of them. Especially ENMD. As a pharmacist, I think ENMD may still see few more CRAZY days. Always remember : SELL HIGH & BUY LOW. Do not chase stocks, let them come to you. Momentum shorting is always a quicker turn-over, much safer and more profitable. Good luck :)