Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (27963)	11/24/1998 1:50:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 164684

Jim - Re: " These guy's might have been hurt by put's, but not by shorting." According to John O'Neill, he SHORTED 500 shares of Amazon at $122: {===============================================} To: Jan Crawley (23829 ) From: John O'Neill Friday, Oct 30 1998 12:10AM ET Reply #23832 of 24454 I got in short today 500 shrs at $122 & change....never played AMZN before, but it seems like their lack of a proprietary product would hurt them. Deep pockets are coming to get them, & I can't see what will stop better financed competitors. Furthermore, lawsuits from companies like Wal Mart may eat into their capital. They are merely a re-seller of books/CD's published by other companies (some of which are becoming competitor). Is this true, or am I missing something.? I welcome all comments...didn't like watching it go up 4 pts after shorting it. JO {====================================} I think he covered some of his losses at $132, but he then shorted more at $140 to add to his $122 short position. Thus, POOR JOHN is now over $100/share UNDERWATER on some AMAZON shares and "only" $83 UNDERWATER on other AMAZON shares. Looks like an interesting Thanksgiving for Mr. O'Neill - who obviously bought his TURKEY quite early ! Paul