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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Leo J. Bourne who wrote (10089)6/16/1998 11:24:00 AM
From: larry   of 18691
 
AMZN bubble will burst when: 1) it no longer becomes the main target of amateur shorters (professional shorters have been on the sideline for sometime watching the game) and the short interest goes down significantly; 2) it does another split so that the floating share numbers go up again...to a range that the MM find it difficult to play a squeeze game; 3) when the company has some positive earnings number to report and the market begin to worry about its valuation.

The funny thing is that longing AMZN in the past few days have more than made up for my losses in other long positions.

larry!
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