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

To: RockyBalboa who wrote (15835)	11/29/1998 4:19:00 PM
From: poodle	Respond to of 18691

Chris, Int. mania is already in the next, analytical, stage. You can find way too many lists of all Int and Int-related stocks, from 80 to 200 tickers, in alph order, classified by bus. type, etc. First conclusion is that a lot of experienced and intelligent traders are already in. You can easily find well known names. They believe into reality of Int earnings no more than Roger or any other shortseller does. Actually, many of them are well known shortsellers. The conclusion is that you may have hard time trying to get money from them. I am sure there are still some "trend followers" to come, but hard to say how many. Second conclusion is that 200 stocks may be too much weight to lift, or at least to hold for any reasonable time. Initial movement was mainly concentrated on several stocks, with large short positions, on extremely bullish market background. Curious if anyone calculated the amount of $ necessary to lift the price of the whole "sector" 100%? We should remember that very significant capital is already blocked in Int stocks. This is "high risk" capital and I am not sure how much more of such capital society may provide. Capital inflow into eq. seems to slow down, but last week is not a good indicator. I will appreciate any calculations, estimations or examples from the past. Is there any veteran of 1929 crash? <g> Have a nice evening.