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To: Winter who wrote (6156)6/16/1998 10:36:00 AM
From: H James Morris  Respond to of 164684
 
Winter, you wrote<and I do plan on getting back in short when this grossly overvalued bloated f*cking pig finally starts trading down. >
Remember! Its all about timing. Good or bad. Its all about timing.
Good luck next TIME.



To: Winter who wrote (6156)6/16/1998 10:42:00 AM
From: jawd  Read Replies (1) | Respond to of 164684
 
Any trader worth his salt has been burned like this at least once.

Its not nice - but as you have experienced, gracefully accepting the lesson works to make you feel better.

Its simple math - what does one prefer? To lose $100k or lose $150k?

When the pain of holding is worse than the pain of covering, people cover. That's life.



To: Winter who wrote (6156)6/16/1998 10:43:00 AM
From: gbh  Read Replies (1) | Respond to of 164684
 
Winter, did you consider just boxing your position and waiting it out, and perhaps trading a little against the short?

Gary



To: Winter who wrote (6156)6/16/1998 10:47:00 AM
From: H James Morris  Respond to of 164684
 
AMAZON COM INC(AMZN)
Bid: 70 5/8 BidSize: 10 Open: 66 3/4
Ask: 70 11/16 AskSize: 10 Close: 65 3/4
Last: 70 11/16 High: 71 Div.: 0.00
Change: +4 15/16 Low: 66 1/2 Yield: 0.00
A.High: 68 1/2 P/E: 0.00 Volume: 2304100
A.Low: 8 7/8 EPS: -0.77
You are looking at the best orchestrated short squeeeze, I have EVER seen and it continues. I must admit, I thought the greed would have left buy now but it looks like they just want to squeeze the shorts blue.
Its perfect for them.
Won't give you shares to short (except Datx), They want a $13 premium for the Jan 70 puts.
Thank God I fled @ $50.
God Bless America and the rest of the shorts and F---k, Jeff Vinik!