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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 (14429)10/6/1998 2:34:00 PM
From: mehran  Respond to of 18691
 
Roger,

How about a P/E ration of 130 for a reason! I admit it's crazy, but so is the market right now. I don't hold any position (sigh!).

--Mehran



To: Roger A. Babb who wrote (14429)10/6/1998 2:54:00 PM
From: space cadet  Read Replies (3) | Respond to of 18691
 
lgto and vrts also crashing. Outside of the top tier (you know-msft dell csco emc lu) are their any hiflyers left that haven't crater yet. If so I'd like to get in on them before it's too late. It seems we are almost out of outstanding shorts. Got to admire this market- it's really taken a knife to most of the nosebleed p/e stocks. The only real exception left is the crazy internet stocks. I guess its time to pile into them as the last shorts left standing.



To: Roger A. Babb who wrote (14429)10/6/1998 4:26:00 PM
From: Market Tracker  Read Replies (1) | Respond to of 18691
 
It's beginning to appear as though the Long Term Capital Management bailout may involve some possible conflicts of interest.

biz.yahoo.com

<ot> Roger, I'm sure you can recall when IBM went to the debt markets earlier this year when rates were at the 6% level. Everyone was claiming that IBM once again found the bottom of the interest rate cycle, but it looks like they guessed wrong this time as the long bond now stands at ~4.75%. Probably a good time for Babb Cellular Concrete to begin locking up some more funds for the construction of that second plant, IMO.

BTW congratulations on your mention in yesterday's WSJ.

MT