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Strategies & Market Trends : Roger's 1998 Short Picks

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To: put2rich who wrote (10835)7/1/1998 6:40:00 PM
From: larry  Read Replies (1) of 18691
 
TD,

If I were you, I would use any weakness in AMZN tomorrow to quit the game. You can short the issue when the daily volume gradually dies down and the short interest drops 70%. AMZN can't afford to have a 70% drop in short interest without losing 50-60% of its market cap.

However, it's not likely to happen in the near future since there are so many greedy half-professional short sellers waiting on the sidelines (I call most of the current AMZN shorters amateur). They will immediately jump in whenever they see a weakness. And this will prevent AMZN short interest from dropping to a level and will lead to freefall and crash. So, the game will still be on.

But the end of the story is also very predictable. Those professional short sellers with great patience will cash in big time eventually, at the cost of numerous victims (early short sellers and later longs).

good luck,
larry!
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