Roger's 1998 Short Picks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Roger Smith who wrote (10935)	7/5/1998 10:42:00 AM
From: put2rich	Read Replies (2) of 18691

<<I believe that all the analyst are right so far on AMZN, as evidenced by the performance, even though I am short the stock..>> You are right it is really scared to death if we are deep underwater and stock doubles every month. We as value investors think too much about price to earnings while analysts when like a company give a priceless buy rating even the stock goes 10 times or 100 times in a short time and a no guarantee just 1 yr down the road. I might start to have serious doubts that I am one of the "stupid few" who short this red hot, most precious stock (beats Bre-X and has real good value unlike Bre-X) while all the funds w/ deep pocket buy and buy. Luckily I shorted this one small and at high level, yet I was in deep red w/ other tradings so I can not afford losing much on this one while waiting for the correction. I will try my best though to borrow more loans to average up when this one hit 125 or 130, and average up if this one hit 160. Then wait ... in pain for long/short term crash to under 50. I hope it never goes above 135 for even a short time then pulls down to 110 level then crashes to at least 80. Even though internet technology and its effects are marvelous, I don't believe much in e-commerce and even not that AMZN eats all the feast nor their profits are large enuf to justify even 1/5 the stock price. I was laid-off the second time in 2 mos. and know that many Mechanical/EE engineers are going to have tough time to find good jobs in LA and Silicon Valley areas. Consumer spending will be cut sharply and a big slow down ahead. Look at all the hi-tech companies w/ excellent products have their stocks beaten to 1/5 to 1/2 of their 52 weeks high and still no funds touch them. Then they have to lay-off high paid workers. Well if any has the same prediction? Then e-commerce and even internet portals will down to the tube. R.Smith and all know of any funds short this one (did Bears or Ursa short it), if we can see "Free Money" at this level then why other fund managers can not see it?? Oh, one more questions : regular funds like Fidelity, Vanguard ... have a rule of never shorting stocks even though it is Free Money? Only bear funds can since it is written in the prospectus? Thanks all and hope Roger Babb can help us sleep better and guide us to the more glorious day.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next