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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: xcr600 who wrote (4318)10/19/1998 10:24:00 PM
From: KW Wingman  Read Replies (1) | Respond to of 18998
 
I have been thinking Amzn (amazon.com) may be slightly (to say the least) overvalued stock and may be a good short prospect. To me it's current valuation is a joke. Does anyone have any comments on this and advise on when to take a position.

Regards,

KW Wingman



To: xcr600 who wrote (4318)10/19/1998 10:24:00 PM
From: GT  Read Replies (1) | Respond to of 18998
 
Gang - remember KTEL ??? I have been looking at EGGS and am starting to think we are sitting on a massive short squeeze here. This afternoon's 50% rise (closed at the high - all buys till almost 5:00 - 8 3/8 to 8 1/2 prints galore) was obviously due to a leak that tomorrows earnings (after the close) are gonna be huge - and the shorts have started covering. But there is no way they could have covered today - this thing may rocket for a few days easy. I'm getting in at the open as i don't expect eggs to come back at all - just look at todays chart !! we are talking VERY VERY STRONG !! There is no way any short position will want to go into the close tomorrow just before earnings after todays abrupt indication. EGGSEGGSEGGSEGGS $$$$$$



To: xcr600 who wrote (4318)10/20/1998 1:31:00 AM
From: Dr. Seuss  Read Replies (3) | Respond to of 18998
 
Covered LBOR a while back to jump on something else....don't remember what it was. Seems LBOR/LHSG are too high, but the sheeple are buying anything now. I will wait to short both.

I'm under on PVN. We have a few more days before this one starts falling. I thought we hit top at 64 and am sitting on a lot of it around that price (I screwed up on my stop, have had pretty bad luck with ETrade lately). Sat through the same thing on LHSG, ended up making quite a bit.

A couple of other observations. Money Flow out of BTIM big time, but the damn thing ran up 2+ points today. Something very fishy going on there. But every runup has been met with a fast down trend....If you aren't in BTIM, now is a good time to establish a short position...unless it goes up more, in which case that will be a better time. We'll see 6 and below.

DTLN....another one with large money flow out. The farther back you look the more total money flow out. This one is ripe for plucking right now....ENVY too. Another day or two and I think you'll see both at lower prices.

PRBZ looks good after this unexplained runup.

Dr. Seuss