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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 (15817)	11/28/1998 8:21:00 PM
From: RockyBalboa	Respond to of 18691

Thanks, Roger for the heads up I have read it already (I have bookmarked this thread). Sure it means to take out steam from the most volatile sectors. It is no means to ration the credit lines but it has the effect of stock loan brackets, only backwards It limits the hot money accessing the stocks, as investors won't invest on margin. Sure they did it because of rising credit risks: Because what they do is risky: they give you a blank 50% credit based on paper fliers reading "AMZN, YHOO, BFLY". The bank in which I work won't dare that. They give me 90% on TBonds or 75% on subordinated bonds or 30%-49% on BB rated emerging market debt. Nothing can prevent stocks losing 70% of its value a day, consider AVCO or BRA. Or many pennies. When Baldy holds 200% of his equity in BAMM and it makes a sucker's open down at $15 (-24), because a MM was caught short again.... The did not name Datek. Datek demands now 100% on many stocks. I do not want to know, how many pledged their jewellery there... A new list of NM/NS is in progress. I will post it early morning. ->There is a good correlation between setting a stock to NS and later running up the stock, mostly within days. I will use this on the next NS I encounter for a try. The most astonishing examples: ONSL was set to NS, 3 days later the stock more than tripled. KTEL was released, then set to NS. Since, KTEL advanced 70%. BAMM was set NS early Friday. After that BAMM tripled to 44. NAVR was set to NS at 5. I bought some NAVR when they inched up a bit earlier this months, at 4+, though I had severe doubts about it. NAVR was set to NS at 5 at Datek's. Now... An early example was CDRD which I shorted in the 20ies always to receive stops-out. At 30, early Nov they set it nonmarginable it went to 38. BFLY was set to NS. The same day and next day together it made $4 from 9 to 13. Last bu not least: When NSOL was raised as a possible short target on AG thread it was 59, I looked for it to short some because the story made sense I tried datek first. Now NSOL is 82. The one exception I found is FIBR, it levelled at 8+. What do they know what we don't? <ggg> 2 weeks ago I sent them an email regarding the limited availability of stock. I never received an answer. C.

To: Roger A. Babb who wrote (15817)	11/28/1998 11:02:00 PM
From: Sabrejet	Read Replies (1) \| Respond to of 18691

Something different: I checked an account this morning with Fidelity and on Friday I purchased a few shares of AMEN. For accounting purposes, they reported the closing price of AMEN at $6.00, it's day low. (The actual closing price was 20 7/8). The reasoning they told me was to restrict the equity in accounts due to these crazy swings. Now AMEN is not marginable according to Fidelity but I'm still scratching my head! I only have 500 shares but the equity difference was $7500.00 zebra