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


To: put2rich who wrote (16912)1/12/1999 2:49:00 AM
From: mchip  Read Replies (1) | Respond to of 18691
 
thanh,

I can't give you advice... My personal feeling is YHOO will be higher before earnings, and based upon the internuts past.. will go higher if a split is announced with good earnings. Watch CMGI tomorrow for clues of Internet strength. This is uncharted territory, gambling.
I'm gambling a bit now I must admit. Truthfully… I have some nice gains from the nuts, I lost some shorting them last year, but have made more than the losses back, but it's nerve-racking! I'm playing with “nut-gains” now.
That kinda gets back to my psychology of the Internuts. Think about how much people have gained on the nuts. After the AMZN split… sure more shares… but how much can being short make… 1/3 less than before the split (it can only go to zero), verses the added buying and incerase.

It's crazy… but profitable for now.