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

To: rocklobster who wrote (10442)	6/23/1998 2:56:00 PM
From: Peter V	Respond to of 18691

Thanks for the suggestion Richard. I'll keep you in mind. I don't think my January puts are throwing away money, as I think AMZN will crack by then. But I do admit it is quite scary to take any short position in AMZN, as it has defied gravity since at least January, when Roger put it on his short list. Of all the internet stocks, I think AMZN is the safest short bet, as it really is not really an internet stock, it is by far the most overvalued, and it has more than doubled in the last two weeks, after over a full year of going straight up. Maybe not this month or next, but I'm pretty confident it's going down by January. If you are long AMZN, I'd keep my finger firmly on the sell button and push it at the first sign of weakness. Stocks that scream up usually scream down. Peter