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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 (17014)	1/13/1999 8:29:00 PM
From: Timoteo	Read Replies (1) \| Respond to of 18691

FWIW-I do think the momentum is waning on the net stocks. It was clear to me by watching the price action that it is individual investors sustaining these stocks. Even in the frenzy periods it was 200 or 300 share orders. I covered my AMZN short @ 150 for a nice 40 minute profit because I cannot watch the market tomorrow (unless we have another snow day:), but I expect any positive rebound to be weak and another end of day selloff. All the "good" news is out about YHOO, AMZN is still above 400 pre-split which puts it in no-mans land IMO. EBAY has no institutional buyers. When the shares unlock I expect a split announcement to try to boost the share price but then, let the selling begin! I don't like being short overnight these stocks, but I would never be long. Best, Timoteo

To: Roger A. Babb who wrote (17014)	1/13/1999 8:29:00 PM
From: xcr600	Read Replies (2) \| Respond to of 18691

Anyone catch the piece CNBC did on ENML at the end of the day? Probably will pop the stock a bit tomorrow. Piece was positive enough that it will sucker some new investors into the company. x

To: Roger A. Babb who wrote (17014)	1/15/1999 4:41:00 PM
From: Jim Goodman	Read Replies (1) \| Respond to of 18691

yes you did....I saw the decline in some of my Internets (EBAY, BCST, among others), Consumer (CL, BFO, PG), Drugs (SGP), and "hook tops" (FDX, AWS) put stocks, as stage 5 in my "PSYCLE sm", finding some S.T. support in them, already....gotta be nimble, and avoid emotion, as you know....we're not perfect....and our Banks, Utilities, Techs are already down, and in "no man's land" here....we need to see "follow-through" on the downside, below last week's lows, in many stocks, to maintain their "puts" status, so being a bit more careful here.... hope this helps...will keep in touch, am just so busy with my NL subscribers, and am writing 3 more educational booklets, from a "PSYCLE sm" p.o.v., so I have not had the time to post as much in S.I., and your fine thread....remember, market is closed Monday.... "unchanged" for the day, as they say, right ? best wishes,