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

To: Peter V who wrote (10294)	6/19/1998 8:37:00 AM
From: Timoteo	Read Replies (2) \| Respond to of 18691

Peter V. : I unboxed half my AMZN short yesterday @ 76 after looking at the price action (I was biking in the morning and didn't see the open:). I almost unboxed the rest at about 3:30 p.m. @ 74 but decided I had plenty of puts anyway, and this could be a false top. Now I think the YHOO news and yesterday's weak market might be enough to send AMZN down for the count. I predict a small gap up at the open. If the stock closes below 70, I think the downtrend will continue and its time to short. Shorting now is more of a risk, but if it falls too fast, you might not catch it. Timoteo