The following are my short picks for 1998. I shorted each of these stocks on December 31, 1997 at very near the listed price and will hold each position until it reaches my target or fundamentals cause me to re-evaluate the position.
AMZN 60 target 30
ATHM 26 target 15
CTXS 76 target 30
ETEC 46 target 30
VIAS 42 target 20
YHOO 70 target 35
Note that these shorts are hedged by a larger long portfolio of quality long term positions which helps neutralize big market moves in either direction.
My "special situation" long pick for 1998 is:
BROC 3 1/2 target 10 or better
My initial market prediction for 1998 is bearish. I will be posting updates on my predictions to babb.com
Happy New Year
Roger |
