Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Bald Man from Mars who wrote (10811)	7/1/1998 8:53:00 PM
From: Peter V	Read Replies (3) of 18691

BMFM - re AMZN puts: I thought we were forming a double top at 75 and bought the Jan 80 puts for $17+ I can't even bring myself to look at the price now. Then I thought the stall at 100 a few days ago was a good sign, so I bought some July 90s for $8. They were less than half that yesterday, and that was 14 points lower than today. Again, I just can't look. Point is, I won't buy any more because I'm getting hammered, and I don't know if this net nut will crack in time for profitable puts. I thought we had a top, and it screamed right through it today. Maybe that's the top, maybe not. Good luck. I'm going to pray ZITL pops again tomorrow, and get back to a decent, reliable short!

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