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: Gary M. Reed who wrote (107971)9/6/2000 1:15:41 PM
From: H James Morris  Respond to of 164684
 
Gary, Your short going into Q4? Amzn is a strong Q4 stock and everyone knows it.
Btw
Never short a stock you hate, because a lot of investors might like it.;-)



To: Gary M. Reed who wrote (107971)9/6/2000 1:16:47 PM
From: Nick  Respond to of 164684
 
Gary:

No Skimping on the Shorting Warnings
By James J. Cramer

9/6/00 9:12 AM ET


Some of you have emailed me saying shorting is not so hard and I should knock it off with the warnings. No way. First, when the market is going up, and you are short, the pain is excruciating. Second, when you are long, things go to zero. Then they stop. When you are short, they can go to infinity. Emulex, if you were short it, was headed to infinity.

One of the things I do well here is tell the truth about what is tough and what isn't. Shorting is tough stuff. If you are not a pro and you insist on shorting, please, please do it in puts. If there are no puts, forget about it. If you are shorting right now and you don't know how borrowing works and how locating works, you are over your head and you should stop right now. Cover. Buy. Close out the position.

I am doing this to scare you. I am doing it to frighten you out of your wits so you will contain the damage that you might do to yourself. Shorting is a craft -- a different, more tricky, tougher craft than being long. Being short and being long are only mirror images of each other in the boilerplate explanations journalists use to describe what shorting is. Anybody ever caught in a squeeze knows what I am talking about. If you haven't suffered through one, glom on to my pain. And keep it vicarious.



To: Gary M. Reed who wrote (107971)9/6/2000 1:18:13 PM
From: PAL  Read Replies (3) | Respond to of 164684
 
Logic and fundamentals will prevail. the heat from cash burn is as close as inferno. the market is often illogical. remember the guy who shorted iomega at 15? every one thought he was crazy. iomega was the champion of motley fool. now amazon is one of its baby. rosemary maybe?



To: Gary M. Reed who wrote (107971)9/6/2000 7:50:04 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
>> Yep.

Oh, Gary, Gary, Gary! After the $millions that I and others here lost shorting Amazon in the last two years, you must learn some lessons. You can't short going into earnings, and you can't short going into Christmas. Hopefully your cost basis is high.

And most important you must make sure to set a 'max pain" stop loss limit.

Good luck
Sarmad