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

To: Kailash who wrote (17230)	1/27/1999 11:21:00 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 18691

to all: anyone like PTEL or OMPT as shorts? They've had brief runs up on the news of the Airtouch deal, but looks like they've topped out. OMPT was downgraded yesterday by Wheat First Union. Victor

To: Kailash who wrote (17230)	1/27/1999 11:30:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 18691

Any guess on how long the internuts can continue to go against the general market trend? The first quarter that revenue growth slows (compared on a basis) these stocks will crash hard. I'm not looking for any plummet soon myself, and in fact am keeping the stop losses on AMZN pretty tight. I'll probably get stopped out just before the plummet. :)

To: Kailash who wrote (17230)	1/28/1999 9:09:00 AM
From: Bob Trocchi	Read Replies (1) \| Respond to of 18691

Kalish... FWIW, I found the following this A.M. on the Microsoft site. >>Mr. Scarlata said he views the big drop in IBM shares as a strong signal that the stock market is headed for steep losses. On Tuesday, Big Blue's stock jumped 3 5/8 and seemed ready to stage a rebound from the sharp losses it suffered in the aftermath of its earnings report last week. Its sudden, violent reversal on Wednesday shows investors are nervous. Over the next two months, Mr. Scarlata said he believes the market will fall into a slump akin to its roughly 20% plunge of last summer. "The Internet stocks are going to evaporate. The Internet stocks in this move are going to lose at least 50%. I wouldn't be surprised if some of them lose 70% in the next eight weeks," he said.<< moneycentral.msn.com Bob T.