SI
SI
discoversearch

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.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: McNabb Brothers who wrote (69664)7/26/1999 1:05:00 PM
From: Eric Wells  Read Replies (2) | Respond to of 164684
 
>>Why get out today?

The fact that I have short positions in four of the internet leaders (AMZN, YHOO, CMGI and EBAY) makes me a little nervous. I'm actually in the black on all except AMZN (both my CMGI and YHOO shorts are 6+ points in the black). I fear that something may come out of the blue and cause these stocks to rally - and wipe out my profits. Something about holding a short position for more than a day makes me nervous - even when all the indications are that this market may be going lower.

And who knows - EBAY may surprise this evening. Of course, I think it would have to be a very big surprise to cause the nets to rally. Anyone have any predictions/thoughts on EBAY's report this afternoon?

Thanks,
-Eric



To: McNabb Brothers who wrote (69664)7/26/1999 3:45:00 PM
From: Eric Wells  Read Replies (1) | Respond to of 164684
 
>>Why get out today?

At this point, I'm seriously considering holding my shorts on AMZN, YHOO, EBAY and CMGI through market close. I believe I'm in the black far enough to give me a buffer such that should we see a gap up tomorrow morning, I can still get out with a profit. Although I would be surprised if we see some short covering in the next 20 minutes.

-Eric