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


To: 1-DAY-TRADER who wrote (12362)8/4/1998 10:34:00 AM
From: Hank  Read Replies (1) | Respond to of 18691
 
I am currently short the following:

ZONA- I too have experience in the pharmaceutical industry and I think the clinical trials for Vasoscam are a joke. Although I think the price may bounce off 19 temporarily, I think you will see the low teens within the next couple of months. Start shorting if it rallies back over 22 or so or breaks solidly below 19..

ADTN- This company missed estimates by 2 cents but never took a hit. No money flow into this stock right now and I think it is poised to form a double bottom. I've been following this stock for over a year and it too has a tendency to be manipulated by institutions. Watch the ticker in the premarket. Nearly every day, somebody buys 200 shares before the market opens to prop the price. During the day, upticks are in the 100 share range or less while down ticks are often in the 5K and up range. Looks like stealth dumping to me.

APEX- I've been watching and trading this one since it's IPO over a year ago. The other day, the CFO resigned to "pursue other interests". I don't like the sound of that. This company is too new to be cycling top execs already. I suspect some negative news is coming. I've also heard comments that their management is overly cocky at investors meetings. This is not a good sign. They have a niche product right now but could easily get hit should new competitor s appear on the horizon. So far, the price agrees with my suspicions.

ATHM- It will eventually feel the pain of dilution from it's up coming secondary offering and has only corrected slightly from it's 52 week to date.

PIXR- WAY overvalued and I hear Toy Soldiers is getting poor reviews. I am not short this one yet but I am hoping for a nice rally over 50 to short into.

Hank