SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN)
AMZN 244.22+9.6%Oct 31 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ratan lal who wrote (136)12/31/1998 10:53:00 AM
From: T. Pascal  Read Replies (2) of 182
 
>>Are we in the middle or the end of the INTERNET stock run ???<<

As I said in another column, the short sellers are the very ones who do themselves in. Common knowledge is that short-sellers drive the price down. WRONG! Short-sellers are the only share holders (excluding options-owners) who must buy at some future time. Whenever the price drops down on some piece of garbage like AMZN, the short-sellers bump into each other trying to buy. It reminds me of the famous song sung to the tune of "Old Saint Nick":

<cite>UP goes the stock price, quick, quick, quick. DOWN goes the profits just as quick.</cite>

Similarly (now excluding holders and looking at options), the options holders create buying pressure with their puts (some of them naked! Scandalous :).

The fact is that AMZN will not decline until the short-sellers and options people, and the buyers lose interest in the stock. You simply can't go against that much attention and demand (in either direction). You're going to get toasted.

As for whether we're at the end or the middle, I say middle. I say the stock(s) of internet trash won't crumble until at least summer of '99. You read it here first. In the meantime, look to see AMZN actually reach $400 or even $800 due to the pressures I've described. In-frigging-sanity. But what are you going to do?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News