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.

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

To: Tom Hua who wrote (16158)	12/17/1998 12:08:00 AM
From: Peter V	Respond to of 18691

Tom, I love this quote from your cited post: <<AMZN could have "earnings-per-share of $10 within five years.">> So that would give them a PE of 30 at their present price, FIVE YEARS FROM NOW. I know the market looks forward, but this is absurd. Actually, shorting near 300 may be a good thing, at least in the short term, as it may be a psychological barrier. Good luck.

To: Tom Hua who wrote (16158)	12/17/1998 12:16:00 AM
From: Don Westermeyer	Respond to of 18691

Tom, Many credible analysts are laughing pretty hard at that AMZN $400 price target and making $10/share in five years. Amazon has very little chance of making even $1/share in five years let alone that number. No doubt they will loose more money than ever this quarter. Some reporters were saying maybe someone should issue a $1000 target and really get the stock moving. At $400, the market is discounting probably 10-20 years of spectacular earnings growth (which Amazon does not have). I was going to wait after the new year and the split, but I just may short it tomorrow instead and see if the market sobers up on this stock. I'm sure when AMZN comes back to earth all the bulls will claim how they got out at the top!

To: Tom Hua who wrote (16158)	12/17/1998 12:35:00 AM
From: HiSpeed	Respond to of 18691

When it blows through his target and starts printing 400s we'll see who's laughing <g>

To: Tom Hua who wrote (16158)	12/17/1998 12:54:00 AM
From: Roger A. Babb	Respond to of 18691

Tom, probably a good move shorting AMZN today. ButI have been burned so many times on YHOO that I have become gunshy on the big Internets until this frenzy dies down.

To: Tom Hua who wrote (16158)	12/17/1998 1:09:00 AM
From: HiSpeed	Respond to of 18691

Meanwhile, silly me, I'm trying to find calls with a strike of 300! <g> If you short Amzn, I hope you have, at minimum, a mental stop in place. BTW, a month ago I was calling for ANZM to hit AT LEAST 300 pre-split: Message 6542031 300 target based on the amount it moved previously around split time. I think 450 is realistic now.....yes, I know it's obscene, but why fight the tape?