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

To: Greg M. who wrote (11746)	7/20/1998 3:55:00 PM
From: Daniel Ray	Read Replies (2) \| Respond to of 18691

Short AMZN if you can stand 200% paper losses for indefinite periods. Eventually you will make money . . . possibly very soon. If you are a weak short you will contribute to the run-up. The market has a funny way of extracting money from weak positions. I would not touch AMZN either long or short. I think you would get better odds at a craps table if you know what you're doing. . . . Shorting AMZN is for deep-pocketed pros. But hey, if I'm so smart, why ain't I rich? Good luck to all!

To: Greg M. who wrote (11746)	7/20/1998 4:29:00 PM
From: Roger A. Babb	Read Replies (5) \| Respond to of 18691

Greg, I covered most of my AMZN short back at 95, watching for new entry point now. Market seems really bullish, may go higher.

To: Greg M. who wrote (11746)	7/20/1998 4:31:00 PM
From: Timoteo	Respond to of 18691

I think today's price action was intended to cushion the inevitable fall after earnings are announced. The stock has run up 25% in the past two trading days so now a 25% or 30% earnings correction will not really be a correction at all. The real question, is will revenue growth have slowed and expenses increased enough to shed doubt on the "new economy model" the true believers are investing in. I hope so! Best wishes, Timoteo