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

To: JOHN CHEN who wrote (11034)	7/6/1998 7:34:00 PM
From: Greg M.	Respond to of 18691

>>People who short AMZN and YHOO now are truly idiots. << Well, at least I'm only an idiot at >137, and am still sane re YHOO (no position)--but will probably enter the ranks of the insane if there's another pre-earnings/split YHOO run-up tomorrow. YHOO, however, I view as a very short-term trade because I don't know how to value it--(who knows? perhaps it's really worth 200+ for someone to control it). I am confident, however, that AMZN is not worth $7B to anyone except momentum investors--who may very well run it further; but I am certainly willing to risk that it won't be too far for me to handle--and that the current price represents a good risk/reward ratio for shorts. BTW, I suspect the current run-up will be over at the latest by Thurs. a.m.--hopefully followed by a not-so-minor retracement. Good luck, Monty

To: JOHN CHEN who wrote (11034)	7/7/1998 4:58:00 AM
From: craig crawford	Respond to of 18691

>> People who short AMZN and YHOO now are truly idiots. I absolutely agree that AMZN and YHOO will have to come down but people must be patient. << So people who are patiently shorting YHOO and AMZN are true idiots? >> Both AMZN and YHOO are about to annouce earning in a few days and you can bet on a 3 for 1 or 2 for 1 stock split for both AMZN and YHOO to come at the time of earning annoucement. Shorting before stock split annoucement is like asking for a shot in head! << Oh, you mean like shorting IOM, NSCP, ZOLT, etc before their split announcements. Yeah, I guess the shorts didn't make any money in those. People that think a stock split automatically guarantees higher prices are truly idiots. >> Be patient! After earning annoucement and stock split, you can short the stocks at much much higher prices and enjoy a bigger fall to come. << So I take it you are long YHOO and AMZN now? And you will be selling after they announce their splits? Keep us informed.