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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Peter V who wrote (10848)7/1/1998 11:23:00 PM
From: Timoteo  Read Replies (1) of 18691
 
Peter-I read the price action the same as you and unboxed my AMZN @ 70 and 76. I would only buy OCT or later puts though. This stock will not go sideways for long; its either up or down. I believe a lot of the buyers now are momentum players AND retail buyers who are probably margined. The stock trades are more often in the hundreds and I see a lot of 100 share orders. If I'm right, when the bubble bursts there's going to be a lot of margin induced selling and the retail guy is always the last to know.

Best Wishes,

Timoteo
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