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

To: Hank who wrote (14155)	9/28/1998 11:17:00 PM
From: Phil(bullrider)	Read Replies (1) \| Respond to of 18691

Hank, I truly expected the "internuts" to implode during the recent correction. Even though they corrected, they didn't implode as I expected. Will it happen this year? I don't know. Will it happen? I certainly think so. Let's play the game and see who comes out on top. techstocks.com I think I may have already seen your picks. If so, we'll see who was correct on 12/31/98. Have fun, Phil

To: Hank who wrote (14155)	9/28/1998 11:42:00 PM
From: Tai Jin	Read Replies (1) \| Respond to of 18691

I believe that the market will be turning down this week or next. I don't think the FOMC will drop rates this time around. And even if they do, it'll probably be 25 basis points which will be a disappointment. Personally, I don't know why they would even consider dropping the rate - it won't help much if the rest of the world markets go to hell in a handbasket. ...tai

To: Hank who wrote (14155)	9/28/1998 11:55:00 PM
From: Roger A. Babb	Read Replies (5) \| Respond to of 18691

Hank, the response to the Fed meeting on Tuesday afternoon should clarify the situation for all of us. The possible outcomes are: 1. Fed does not cut rates and market goes up, very bullish. 2. Fed does not cut rates and market does nothing, again bullish. 3. Fed does not cut rates and market crashes, bearish. 4. Fed cuts rates and market goes up, bullish. 5. Fed cuts rates and market does nothing, bearish. 6. Fed cuts rates and market goes down, bearish. I am expecting #4.

To: Hank who wrote (14155)	9/29/1998 8:13:00 AM
From: Franco Battista	Respond to of 18691

I also agree with you Craig. We have just finished the first phase of the bear cycle and IMHO the second more painful phase is about to begin. The interest rate cut is a one shot deal and a lame excuse to rally since the fundementals have not changed.The bear works this way: fool as many people as possible so they stay in stocks and then see their assets disappear into thin air. The recent lows were not a correction but the beginning of a primary bear market. The subsequent rally was but a hiccup in the bear market and an opportunity to short from higher positions. If an interest rate cut is announced and the market rallies then initiate short positions. There is a lot of bad news out there which is just waiting to happen.