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


To: Tom Hua who wrote (17814)3/20/1999 2:38:00 PM
From: larry  Read Replies (1) | Respond to of 18691
 
Crow was prepared twice last week and will be served for sure in the near future for DINNER, maybe even on Monday.

BTW, what's so surprised about the triple witching and DOW 10k selloff in the last few hours last Friday? Daytraders and program traders were lining up to sell after the DOW hit 10k in order to squeeze out another buck or two here and there. They will be back next monday to push the issue back to 10k next week. We will have a little selloff on Monday morning in the first 30-40 minutes of trading. But don't be surprised to see sellers overwhelmed by buying interest and joined the chorus to buy the same stocks back (they sold earlier) at higher prices.

Look for DOW hitting 10999 before summer.
larry!



To: Tom Hua who wrote (17814)3/20/1999 10:26:00 PM
From: Roger A. Babb  Respond to of 18691
 
Tom, I hope you are right as I am almost fully on the short side now.



To: Tom Hua who wrote (17814)3/23/1999 11:55:00 PM
From: poodle  Read Replies (1) | Respond to of 18691
 
Tom and Roger,
Good call about market top. I will appreciate list of symptoms you used.

OT-
Roger, you wrote:
techstocks.com

"I will eat the crow on line Wednesday night".

As a hunting dog Poodle has to show you the target,
techstocks.com
However, as a proud SI member I respectfully disagree with such practice. Eating SI members on line, however not directly prohibited by SI rules, may be considered unethical. Finally, imagine what mass media would write:

SHORTSELLERS THREATENED TO EAT TRADERS [TO REDUCE DEMAND] IF DOW CROSS 10,000 ON WEDNESDAY. ALL MAJOR EXCHANGES ARE IN PANIC.DOW LOST MORE THAN 200 POINTS WEDNESDAY.
Food and Drug administration urgent meeting with traders' representatives will be held tomorrow morning.