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

To: Mike M who wrote (12352)	8/4/1998 9:02:00 AM
From: Tenpole	Respond to of 18691

Mike, I got back onto a short position at 128. Right now my idea is to hold this for quite a while as there seems to be less stock available to short and I may have difficulty trading. So I'm looking for it to break the support around 100 and, if the whole market is turning bearish, to hold it down to the 80's. If I felt could trade it, I'd be looking for a bounce before the decline continues. Overall, though, last week put up a pretty good evening star on the weekly chart and I'm prepared to wait for further decline. At the risk of sounding like one or two others, I reckon that a target of 70 isn't impossible - but I'll have taken a few profits before then. T