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

To: Bald Man from Mars who wrote (10627)	6/26/1998 2:07:00 PM
From: McNabb Brothers	Read Replies (1) \| Respond to of 18691

If you are willing to go short the stock, just sell the high premium calls on it naked like I am! Hank

To: Bald Man from Mars who wrote (10627)	6/29/1998 9:33:00 AM
From: Marconi	Respond to of 18691

Hello BMfM: Moot point now, however I would favor the bear debit spread--in near options if the turning point was reached. If thought not quite yet, then I would prefer longer term on the 95 put and nearer term on the 90 put. Right now there is 10 points in the near options based on volatility alone. I try not to call turns closely. I do not think AMZN will go above 150. I think it should return to pre-spike levels at the least and hopefully that process will also lead into the erosion of the inflated price. I feel the current spike should be shaved at the very latest before the end of this year if it is not already in the process of doing so. ] Ultimately it should be lookout below. A setup capturing the current blip should give enough room to carry a position to a more realistic valuation long term. Remember the three most important things -- patience, patience, and patience (which also equates to enough margin, enough margin,....) I must agree passionately with Mr. Babb on that point. Best regards, m