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


To: Bob Trocchi who wrote (11946)7/23/1998 12:33:00 PM
From: put2rich  Respond to of 18691
 
Bob,
I made a serious mistake of shorting dangerous amzn and kind of FORGET IT. If I am conscious of the danger as well as my limited fund I would have gotten out w/ gain or at least b/e in 1 or 2 days period. Now I am under large loss w/ just 200 shorted above 100! and it prevents me from my focus in S/W studying and new job search. I try to calm down and focus on normal life/career.
Some media still hype the company as well as new product offerings. That is why amzn is still relatively strong at the present. But I believe in 2, 3 trading days this beast will at least hit 115; and in two or three weeks w/ employees and insiders'selling as well as new acquired compnanies' selling then I have a better chance of getting out with small gain. But frankly if it hit around 110 I can recover at small loss then daytrade it to rebuild my equity. I know amzn or any internut shorts are dangerous now and can not neglect the trend, the warning signals, or best of all stop loss right away or steal the money and step aside.
Hope my amzn saga is the last major mistake. And all my prediction here is just a guess.
Thanks for your concern.