Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Michael Berkel who wrote (8594)	12/18/1997 4:51:00 PM
From: Rick Slemmer	Read Replies (1) \| Respond to of 9285

Michael: AMZN? Amazon.com? This stock hasn't had 200 trading days to average; long-term trend analysis isn't very helpful when there's no long-term trend. As a rule, I stay away from stocks under $10 and stocks that don't have a five-year record. Any TA on those stocks is time wasted. However... IF I were to tell you that the entry point for shorting AMZN was around 35, that would be my best guess. The stock has weak internals. The 50-day MA has just been broken to the downside. And I buy most of my books from amazon.com (best prices anywhere). There is a website for charts at bigcharts.com, but I use a locally-brewed TA program to plot averages. Sorry for the brevity; I have a lunch meeting shortly. RS