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

To: kennny who wrote (16801)	1/9/1999 12:19:00 PM
From: James H. Williams	Read Replies (1) \| Respond to of 18691

I can't help but noticing, lately more than ever, how little hard OPINION one can get out of the brokers, analysts, gurus and pundits. Jeez, it's just an opinion, and you can't even get them to commit on that. Like last night on LR's 1999 Money Guide (or something like that), one guy was saying that he wouldn't put all of his money in some fund they were talking about, but then he wouldn't put none in either. Now there's some advice you can act on. I think they have read the same books on "cold reading" that "psychics" read. Say enough vague things, things that people have in common, keep hunting and guessing, alternate between both sides of an argument, and people will go away thinking you told them something. Next time you listen to CNBC all day, really listen, and see how much real "educated" advice you end up with.

To: kennny who wrote (16801)	1/9/1999 1:02:00 PM
From: Gil Gilbertson	Read Replies (1) \| Respond to of 18691

Why is it so difficult to understand? When all of the little players were covering their shorts on Friday, who do you think was selling short to them? It takes a lot of buying to do 30 million shares.... After watching ticker tapes for 35 years , I believe I can state with a high degree of confidence that human nature doesnt change. Each generation has hopes , dreams, obstacles and fears. It is when these are played to an extreme and become fear-greed manias that the red flags arise. We are either at or may have passed on Friday the climatic top to some of the internet stocks. The hi volume reversal of Amazon is a classic. It rose 38 points, churned all day then collapsed under heavy liquidation to close at the low of the day after having laid out over 30 million shares. The MARKETCRAP became over 30 billion and if that isnt wild I dont know what is. BCST also appeared to have done the same as well as EGRP. Monday will be very interesting as last minute despots attempt to rally these stocks into a hopeless situation...AMazon opening a new distribution center in Reno is a great move, when they cant sell books , they can put in crap tables and make it into a casino company for another run at the moon. All we need is for Greenspan to impose strict margin requirements as they did in the past and the party is over.