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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 (15024)11/4/1998 7:56:00 PM
From: Paul Winston  Read Replies (2) | Respond to of 18691
 
I currently believe that the market will continue bullish until early March of 1999. That is when I think AMZN will peak, probably above 190 -- and I plan on shorting AMZN around that timeframe if this prediction is accurate. (I expect a very big market correction next Spring).

Any other long-term predictions?

Paul.



To: Roger A. Babb who wrote (15024)11/4/1998 9:01:00 PM
From: Hank  Read Replies (1) | Respond to of 18691
 
Roger,

Your post reminds me of the definition of the term "double top". I love bull markets but only when it is a market where the good ones go up and the bad ones go down. In this market, the trash rises with the cream. Be very, very careful for it is a false sense of security to think one can buy with impunity for very long. I don't like it. It seems the last three months didn't teach anybody anything.

Hank


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