Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Ploni who wrote (3827)	3/2/1998 9:06:00 AM
From: Candle stick	Read Replies (1) of 18691

Charles, I agree with you completely. As for AOL I think most look at it as a content provider and not just access. As for the companies, I like both AMZN and AOL. As for the stock valuation, well, they are ridiculous. I like to use technical analysis to try and pick out the tops. It is not infallible. The last top at AMZN on the charts failed at 64 1/8. I think we may have seen a volume blowoff top on Friday, but we need to see todays action for confirmation first. Barron's bashing of AMZN should make a few of the longs who have made easy money consider taking it off the table. Perhaps that will get the ball rolling in the shorts direction. I am looking for a correction, and test of the breakout point at 66. good luck to you........;^)

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