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

To: Roger A. Babb who wrote (13395)	9/1/1998 10:21:00 PM
From: Hank	Read Replies (1) \| Respond to of 18691

Roger, Although ATHM is still fundamentally overvalued, it still has unusually strong buying support. Since it trades violently to either side, I would not be surprised to see it run back into the low 40's before going lower again. I have covered my short position on ATHM that was initiated at 40+ for a hefty profit and may actually try to go long for a few points over the next several days before shorting again, provided the overall market rally lasts a couple more days, of course. Hank