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

To: Phil(bullrider) who wrote (14179)	9/29/1998 4:51:00 PM
From: craig crawford	Respond to of 18691

>> Although some of the internuts did decline in value, most have returned to their pre-correction prices or above. << That would depend on what you consider "pre-correction". All I know is that AOL, AMZN, XCIT, LCOS, NSCP, etc haven't made new highs. Only YHOO has made new highs, and that is BY FAR the best internet company on the planet. That is the last one I would short even though it is an insane valuation joke. AMZN is the biggest charade I have ever seen. I don't think I have ever encountered a $6 billion stock quite like that one. AMZN went from 111 1/2 to 119 1/2 and then back to 111 1/2 (after hours) all in the span of an hour or so. I don't see why it should have even moved at all. I think it should have just stayed where it was. I guess MM's and traders need some ridiculous volatility to play with. AMZN is a joke and should not be messed with unless you have ice in your veins, but I am sticking with my prediction of no new highs for that one this millennium!