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.

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

To: Walter High who wrote (5648)	6/11/1998 5:05:00 PM
From: trouthead	Respond to of 164684

I believe that if every short covered and got out, this puppy would fall like a rock(et). Every time it goes up new people enter and try to short it while the old shorts are covering creating a squeeze that pushes it up higher causing new people to short it while the old shorts cover causing another short squeeze that pushes it up; I think you get the picture. Hold on tight to that watermelon seed and I'm sure you'll get it planted yet. jb

To: Walter High who wrote (5648)	6/11/1998 5:09:00 PM
From: slipnsip	Read Replies (2) \| Respond to of 164684

AOL and AMZN.. Dont see any connection other than they are both internet related.. I got squeezed out of PRST a number of years ago due to lack of funds.. Well I got plenty of funds to protect my short (at least I think so) and it isn't going to happen again. Live or die.. I am in to deep now to let go. I wouldn't buy a stock that just ran 50% on no real news or fundamental change, I would short it. That being said, I would definatly short AMZN today if I was not already short. Wish I felt comfortable averaging in, but I need the additional funds unless we run another 20 points.. CRASH AND BURN I WILL BE THERE...

To: Walter High who wrote (5648)	6/11/1998 5:28:00 PM
From: Paul Merriwether	Respond to of 164684

<< Swallow your pride and don't be stupid. >> I for one took your advice(before you even gave it). My 10% stop loss forced me to sell @59.5. I don't think I am getting back in until the mania subsides. Good luck! Please don't short this stock any more. I hate to see these unsavory fellows getting fatter off of short coverings!

To: Walter High who wrote (5648)	6/11/1998 7:16:00 PM
From: Mark Myword	Read Replies (1) \| Respond to of 164684

>>> I urge you not to blow the last of your money continuing to try to short this stock. As I said before, I shorted AOL at 35 when it was in real trouble and watched it go to 90 <<< Walter - that is surely good advice. After the last two days , it is obvious that this is a pure MoMo phenom. However , I will say that AOL , while ludicrously , and I mean LUDICROUSLY valued at present , is a much better business prospect than AMZN. That is what is so confounding about this stock - their prospects are such a joke. AOL gets the money that Amazon and others must pay out to "build a brand" or whatever it is they think they are doing. Only problem is, there will be 10,000 "brands" and I don't think AMZN will be able to make any money in the cutthroat pricing that will ensue. And neither will any of the others ! The only possible winners will be the Yahoos , AOLs , etc. who get paid by the aspiring E-tailers until the cash runs out. I was tempted , but did not short either AOL or YHOO for this reason. They may actually make money someday. They are also run by smart people , real smart people , no doubt. And AOL gets paid by its members , as well as Amazon and others. Amazon just sucks air and makes announcements about new products for sale at a loss, and new "strategic alliances" and that sort of thing. And their stock is up 500% in a year. I am sure that when the frenzy dies down , and the reality of what the stock is all about sinks in , this will be regarded as an historic blunder of overvaluation in a manic phase of a seriously misguided market. JMHO , cheers to all.

To: Walter High who wrote (5648)	6/11/1998 8:58:00 PM
From: H James Morris	Respond to of 164684

Walter, you wrote<I urge you not to blow the last of your money continuing to try to short this stock.> Another great post and believe me, what I read here is, you trying to warn the little guy, about getting hurt, even more. I like that. If its any consolation Walter, there haven't been any shares, albeit, 1 or 2 hundred, for almost a month, even still, today. Thats why this short squeeze has been planned perfectly.