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

To: Michael Berkel who wrote (12943)	8/18/1998 4:40:00 PM
From: virgil vancleave	Respond to of 18691

Long term chart shows lots of support in the 12 to 18 range with most of it being above 14. It will take a long time for cto come back, but i would not be short here as it appears to have made nearly or all of it's downside move. short term, i would be short since it should retest the lows made recently. You are quite right about the resistance above 17. Chart also shows it. If i were to take a position, I would either wait and go long or short it to 15 and then think aabout going long. but then again look at sunbeam, it just keeps going down. My opinion is that there are better opportunities out there, both long and short. I am currently long two and short two. my longs are anik and mre. My shorts are tklc and lcos. time will tell where they go from here. looks like dell will be up tomorrow. I have no position in it since I feel it is grossly overvalued. good luck