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

To: Druss who wrote (15429)	11/12/1998 9:32:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 18691

Druss, thats true that I as others went to the AVCO thread watching others, shorts and longs and sideliners wrangling about each other. But a profound short should be warned what can happen in one day or better in 15 minutes. As I had to do with a running GKI today (an excellent shorting opportunity hitting 9 7/8 today) I had no time to short others. After GERN and OXGN are "ready" and AND is underway, I'm looking for new entrances. How much of the exuberance, is fueled by the COMDEX event in Las Vegas (oops, nice location!)? So after the COMDEX, all internuts should go tired and chill a bit? MCOM: I think they may run another day. Technically they went up with market sympathy and had not bottomed out orderly. But they can run to 9 - 11. Last year they ran from 6 to over 17. I will try a slow ladder on this. I have seen it along with GMAI today. I look for GMAI after momentum dies out for a retracement: GMAI soared 100% today. Funny thing is that they have sales, earnings and a 1.74$ book value. The miniscule float of 2.6 Mill is a drawback. There was a story about actions and internet yesterday: biz.yahoo.com C.

To: Druss who wrote (15429)	11/12/1998 11:32:00 PM
From: Roger A. Babb	Read Replies (4) \| Respond to of 18691

Druss, the crazy runups, first of the big Internets like yhoo, now of the minor players, tells me that we are at another market top just like last Spring. Remember then the "game" moved from stock to stock and we followed behind shorting. Each stock had two or three days in the sun, then crash. I think we are in that same topping cycle. Greed and herd instinct have replaced logic. And there is some chance of problems in the Middle East and higher oil prices. I am very tempted to buy oil futures..........