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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 (15692)	11/23/1998 5:36:00 PM
From: JOHN CHEN	Read Replies (1) \| Respond to of 18691

Roger-wow, you have the guts to short YHOO! I guess you can afford the losses. Not me! I am glad that I covered at 120 long time ago and have not since touched YHOO at all! I also stayed away from AMZN. I almost shorted AMZN at 109. I could have been in the poor house had I not come to my senses that these babies ARE NOT going down any time soon. It could be 10 years before these stocks crash. By then before the crash, these stocks could be 10000 a share! I don't have the guts to lose that much!

To: Roger A. Babb who wrote (15692)	11/23/1998 5:38:00 PM
From: RockyBalboa	Respond to of 18691

Can you do it with options? ie. long puts. It would limit the possible loss. But - too early to touch the big guns. The buying frenzy carries the stocks away and shorting here is sort of gambling. There is just an indefinite stream of buyers. Few shares come out again killing the bid. I bought DBCC and managed to get into MALL at the open once more. These are "long" stories to be told now, but then they may be neat shorts. MALL, carried up to 32 now implies a uBID price of at least 35. Sure UBid will beat that on the opening easily..., trailed by MALL but then a sort of consolidation should take place bringing it down. MALL is borrowable and sort of box can be glued using long uBID then. C.