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Strategies & Market Trends : AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (162)7/31/1999 3:22:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 182
 
The reason I don't short Internuts like AMZN is that I could go out for the afternoon and come back to find myself behind 10 - 15 points for no particular reason. My puts can only lose $3.75.

Setting stops in an Internut short limits the damage but then makes you prone to whipsaws in volatile stocks.

My pockets aren't deep enough to short a stock at this level and just hang on.

Good luck.


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