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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Blacksmith who wrote (16137)12/16/1998 11:04:00 AM
From: RockyBalboa  Read Replies (1) of 18691
 
RJN, I'm puzzled.

But, what to do if there is no real market at all? Only a few bystanders seem to join the train and the most of the float seems to be tied. What if there are simply no shares let out, also the put premiums are swallowed when no put get exercised or ever in the money... As long nobody leaves the room.

The moment will be when one of the funds carrying AMZN in the high 100k share amount will sell out or has to sell out and others won't take it all but start downselling it. If just one of them wanted to see real cash...

As ever, I could only recommend it to short on a technical basis, if ever.
By the way, I was dead if I had done my darn short 01 straddle at 130. The 125/115 straddle had almost $100 in premiums if done. I never expected that this expensive straddle, played long could earn money...

(Today, I gave me a smile when I jumped Books a Million into the opening, was a nice sympathy play...)

C.
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