Doc Stone's Bierstube und Trading Room 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.

Non-Tech : Doc Stone's Bierstube und Trading Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CuttotheCore who wrote (407)	10/1/1998 9:08:00 PM
From: M. Frank Greiffenstein	Read Replies (1) of 638

The short money has been the good money... All hell is breaking loose. The only shock is that pigs like YHOO and AMZN have not really broek down yet. I am still short AMZN because it is a pyramid scheme run by a former HEDGE FUND manager, jeff Bezos. Manipulators like Jeff Vinik have been keeping AMZN afloat with some sucker rallies, but I think AMZN will crash and burn very soon. I sold off my DELL and GTW puts early last week, because the upward trend was not my friend. I re-entered GTW puts this morning when beleive it or not, GTW was actually up almost a point. That was Fidelity trying to defy gravity. I am already deep in the money with these puts. I also bought more AMAT puts. After the bell, AMAT announced that they will be tkaing yet another restructure charge becasue of problems in their Komatsu joint venture. I also went long PAASF yesterday (Pan American Silver). Hell, I got it cheaper than Warren Buffet did last Spring. Silver supply is dwindling, India is buying silver, a lot of mines have closed. Transferred money into Fidelity Select Gold on Tuesday. I am still holding TSQD and DRIV, but I am not adding anything. I am concentrating on puts. Tomorrow we test the lows of 7400. Japan is setting new lows right now as we speak. I plan to sell half my AMZN Jan110 puts tomrrow if I can get a big gap down, I will hedge the remaining Jan100 puts with out of the money Nov calls. I am sure Vinik has a few tricks left up his sleeve. But I expect Jungalee Corp owners (errr, ex-owners) to sell their 3 million shares at 100, which of course means there will be 3 million more shares to short (I am asumming that not many people will put AMZN shares in their cash accounts at this price). Later! DocStone

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next