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

To: Allan F who wrote (9949)6/11/1998 11:16:00 PM
From: Andeveron  Respond to of 18691
 
>> It is defying all my logic. I am short from $40 and am trying to
decide wether I should average up or save my margin for a further run.

There is no logic to buying or shorting AMZN. It popped 8+ points today on a sharp pullback in all of the indexes. Look for it to run even further; why don't you hedge your position with a call that is 2-3 months out?



To: Allan F who wrote (9949)6/11/1998 11:17:00 PM
From: Roger A. Babb  Respond to of 18691
 
Allan, I am shorting AMZN as soon as it turns down again. But so far I have been wrong on AMZN............



To: Allan F who wrote (9949)6/12/1998 8:37:00 AM
From: Timoteo  Respond to of 18691
 
Hi Allan: I am also short AMZN from 43 and have October puts bought at 51 and 59. The last few days remind me of ZITL in Dec 96-total blowoff top. The difference is AMZN is a real company with a future. Right now the stock is being moved by momentum players and short covering. I am comfortable with my position. I think it could turn own as quickly as it has run up.

Best,

Timoteo


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