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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Peder E. Angvall who wrote (2993)9/24/1998 10:37:00 AM
From: Ken Brown  Respond to of 4634
 
Peter,

That makes a lot of sense, then. He wouldn't be shorting a stock just because it's overvalued - those are valid reasons for thinking the price will go down. In that case, it wouldn't surprise me if he did end up shorting AMZN.

Thanks for the explanation,

Ken



To: Peder E. Angvall who wrote (2993)9/24/1998 11:01:00 AM
From: Kevin Podsiadlik  Read Replies (2) | Respond to of 4634
 
Okay, I remember that now, that was a month ago, when the market was still in freefall, and it wasn't a short position (which he couldn't have taken at the time anyway), it was a small (by his standards) purchase of AMZN puts. He has doubtless long since sold those off. Ancient history from the trader's point of view.


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