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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Brooks Jackson who wrote (708)	1/15/1998 12:27:00 AM
From: Don Westermeyer	Respond to of 18691

That's funny you think YHOO is a safer short than AMZN. I think just the opposite. AMZN is running with a huge loss quarter after quarter. The interest rate on their loan is about with an interest rate much higher than BKS, ets. It is only a matter of time until they have to issue stock to pay for these losses. Also it is not very hard for BKS to improve their web-site and though some money into PR, etc. when they decide to get serious on the internet. YHOO OTOH runs with a profit and has a $100mm cash (with accounts for over half of their profits). YHOO insiders continue to cash in their stock though. I'm short both of these pigs and eventually they will have to trade more in line with real profits, it is just a matter of time. You shouldn't short either one unless you have patience and fairly deep pockets (or don't short a lot).