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

To: Ploni who wrote (13791)9/16/1998 4:40:00 PM
From: Bud Fox  Respond to of 18691
 
I've played ATHM both long and short

Be careful about shorting ATHM for too long. It has a way of poping on good news.

There is resistance at $38. If it can't breach that on heavy volume, it is a good short candidate for a re-test of $34. Below that would be a stretch without significant market downward pressure.

Just remember, with AT&T helping TCI upgrade, this stock will move strongly when they announce their rollout.
This company is being hyped as the next AOL.

Good Luck


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