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


To: Bill Wexler who wrote (14098)9/25/1998 7:37:00 PM
From: Michael Berkel  Read Replies (1) | Respond to of 18691
 
Bill Wexler the prophet of doom & gloom turns bullish!
What is on your long list Bill?
ZONA? Don't think so
KO? Earnings & volume hurt but stock is only down one half point despite global turmoil and is still sporting a 36 p/e, despite no-
growth for the next couple of years.
PG? Earnings are flat and decreasing all the time. Company issued
a profit warning but is still trading at 29.6, as if there would still
be a sustainable growth at 29% annually. Same applies to CL.
The banks??? Haha They are bracing themselves for the next derivatives
scams.
Greenspan is lowering interest rate in a non-favourable economic
climate, causing deflation. I don't have to explain to you how
stocks in this environment will behave.
Be smart..stay short.
Happy trading!
Mike