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


To: HiSpeed who wrote (13303)8/31/1998 2:09:00 AM
From: Brad Bolen  Read Replies (1) | Respond to of 18691
 
RE: CSCO just broke it's 50 day SMA. The stock is so strong I'm hesitant about shorting it but this could be the time to do so.

I agree. I am sitting here tonight thinking the same thing. That makes two of us...could there be more? Experience tells me that when it looks this obvious it ain't the way to go.

I also looking at YHOO which is screaming 'short'. However, I don't understand the float and the fact that one third of it is short, or the foreign ownership, or the insider ownership. It is complicated and I could sure use some explainations.

I notice the number of other 'nut' stocks that have broken down well under their MA's: XCIT, SEEK, etc. and I wonder if they are telling me YHOO is just the next, or that YHOO is the 'only game in town' et al.

Suggestions?

B.