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

To: space cadet who wrote (14685)	10/19/1998 10:06:00 PM
From: Greg Jung	Respond to of 18691

Cymi is my main squeeze, I finished doubling up at 6 and looking for Nov12.5s to perk up, if it pauses I'll sell those calls on 1/2 of the position and book a loss on the first half in November (or just keep the stock, write Decembers). Margin is a consideration for me so I wouldn't have felt right extended on MRVC or even cien. XYLN and FORE up at 14 were at 10 level, which I expect to see again this fall sometime. If ever 3com falls out of bed I'd want some of that action. Out of technology sector are a lot of steals that will probably disappear come Novemember (but who knows?). With all my losses to show on the tax form I have no regrets taking profits on some quick run-ups which I did with DressBarn ($2/share trailing, $0 debt, $15) from $12. If they didn't run up since thursday there should be plenty of time to investigate. Tomorrow is bank reporting day, if its awful and a bloodbath I may be tempted by one of the brokers. There's undoubtedly some more upstanding buys also. Generally stuff that is heavily beaten down should be available in same state through October for a hope in early November, and the situation will likely repeat in late November or December. Greg