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

To: craig crawford who wrote (13786)	9/16/1998 8:20:00 AM
From: UFGator93	Read Replies (1) \| Respond to of 18691

On Topic: ATHM I've tried several times to start a conversation on ATHM. Has anyone else looked at this stock lately? It has a market cap of over 4 billion with revenues for the last twelve months of 20 million. It's hard to find another stock with as bad a ratio and this one isn't growing revenues the way it would have to be to support that kind of (over-) valuation. It had pretty good buying support over the last few weeks but that seems to have broken down. I must say I am a bit confused as to why the stock price manages to stay up but it seems like just a matter of time now. If it can re-test the recent action under $30 and break down from there, it should have a long way to go. Off Topic: Politics The choice isn't just between the Democrat and Republican candidates. Why has no one mentioned the Libertarian party? The more you look into the Democrats and Republicans, the more you find that they really have similar beliefs - more programs, more government solutions, more taxing, more spending, etc. They just differ on what degree they want these items. (Of course, my remarks are based on what the Republicans do, not what they say.) Damon

To: craig crawford who wrote (13786)	9/16/1998 9:35:00 AM
From: Franco Battista	Read Replies (2) \| Respond to of 18691

I agree Craig. We are still in the polite phase of this bear market. When the Dell's and Msft's and Csco's get clipped, then all hell will break loose. I've read a great deal about bear markets and what I recall most clearly is that the nature of a bear market is to drag down as many market participants as possible, the bear is very clever, very sneaky. Many investors see spike ups in the market as the return of the bull, yet the market keeps printing new lows. For the moment it is all very polite, but a few weeks ago we got a small sampling of how nasty it can get, when even the market Darlings were hit hard, even Dell was down 18 points. Dell has bounced back, so did other darlings, this is giving comfort to investors of the big breath stocks. This is precisely the type of trap that a true bear market will spring. Next time Dell loses 18 points, most will not sell, rather they will probably buy more and get really hurt.