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

To: Gordon A. Langston who wrote (17040)	1/14/1999 5:36:00 PM
From: space cadet	Read Replies (2) \| Respond to of 18691

Wow this thread is dead! Probably means that too many of us are long and the big boys are going to hand us our heads. Looking at msft and intc makes me see a downdraft coming. For the absurdly overpriced internuts I like dbcc, egrp, amtd, gnet, and cmgi for puts. Rmbs may be down bigtime tomorrow but it's probably going to gap down at the open so not much help there. I would like to load up on some puts on boring stocks on the NYSE, for example, I did ok with hsy puts. They tend to be cheap (not much time premium) and the stocks move slowly so there is plenty of time to figure out your strategy, etc. Any suggestions there?

To: Gordon A. Langston who wrote (17040)	1/14/1999 10:55:00 PM
From: McNabb Brothers	Read Replies (1) \| Respond to of 18691

Gordon, I like the name you mentioned to me for my new book. <Have you had any of these back-fire on you and if so how did you handle it?> Nothing is risk free when it comes to trading and investing. Yes they have back-fire on me before just like some of the stocks that I bought have back-fired. I handled it by getting out of the position if I thought it was the wrong position at the time and some I have held on till expiration day and went straight short the stock. I always sell naked calls on stocks that I would be willing to go short in at what ever strike price I decide to sell. Today I sold naked calls on DBCC and sold the Feb. $40's and the Mar. $40's and if it bounces tomorrow because of their 38% stake in which they hold in marketwatch.com their which is going public I will sell some more. Also sold the Feb. $110 calls naked on EGRP for $9 1/2 today! The premium is very high on these type of stocks which tells me there are way too many bulls out there. If they run up on me I will just go short the stock unless I see something that tells me the internet craze is coming back to life more then I would like see! Hank