Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 222.69

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3:59 PM EST

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To: Walter High who wrote (3208)	4/21/1998 1:33:00 PM
From: Winter	Read Replies (1) of 164684

Walter, >>Riding KTEL from 40 to 80 while waiting for the inevitable fall can prove disastrous<< I agree with what you said but like I said before, if you enter the short position with the cash and the intestinal fortitude to stand the stock rising substantially then 40-80 is managable. If you're going to get a margin call at 42 then you had no business being short in the first place. >>My point is that there are better things you can do with your money that take the risks associated with shorting, even using protective puts. After all, the best you can do with a short is double your money, right? If it takes a year or more, you might have done a lot better than that betting on good growth stocks.<< I think you can make most of the same arguments against going long: may take a year, its risky, etc. It all comes down to good stock picking. Me, I'd settle for doubling my money every year :-) I like keeping my portfolio balanced with longs and shorts, seems safer than long only in case of a serious correction. To each his own. FYI: I am neither long nor short KTEL.

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