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

To: H James Morris who wrote (29827)	12/14/1998 11:00:00 AM
From: Glenn D. Rudolph	Respond to of 164684

As sorry as I feel for this short seller. He should have listened. This 'Thing' was not a stock to mess with. I learned my lesson in July. I learned mine over nine months. I should have listened to you too. Glenn

To: H James Morris who wrote (29827)	12/14/1998 1:34:00 PM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 164684

>>One short seller confessed to Koselka, "This has been the worst period in my life. I've destroyed the net worth of my family, and I've lost a lot of money > life. I've destroyed the net worth of my family, and I've lost a lot of money > for my partners."<< Guys, I guess those TA books I read were correct. Unfortunately, I only learnt this from painful experience.(Including some losses on AMZN!!) When starting out managing my own money, I quickly realized that Technical Analysis (TA) was the way to go. In the TA books, one of the 'rules' was to never short a stock just because it is 'too high'. I thought this was utter nonsense. When else should I short a stock, I would say. Intuitively, it makes sense to short 'overvalued' stocks. However, the problem with my intuitive reasoning was that we never know how high that stock will go. I would be many thousand of dollars richer if I had adhered to that simple rule. One saving grace was I always put a stop, just in case the stock 'ran way' to the upside. In a few years, there will be another AMZN. If you tell traders not to short that new high-flier, they will laugh at you, but you will know from experience that they will get burnt. I guess there is something to be said for experience in this stock market. --Olu E.