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: jach who wrote (32693)	1/5/1999 5:25:00 PM
From: Robert Leverton	Read Replies (1) \| Respond to of 164684

Day two, Introduction to shorting Internet giant Amazon. After what was thought to be bad news (a disappointing revenue figure Vs whisper) the stock slumps on the open 7%. Then a few analyst state the whispers were overstated (Hmm, the past couple weeks of postings by bulls on SI had them around 300-450). Anyway, the spin rejuvenates the Amazon stock, and it climbs 7% while the other E-commerce stocks continue their decline. Almost as though they were suffering from Amazon's announcement. I'm beginning to see a pattern, drag in shorts with the illusion of a fault--you know, the big burst of the bubble. Then drive-up the price and let the short covers help the artificial float. Next day, repeat. I would like to think my conspiracy theory has merit. To think otherwise would legitimize this crazy stock as a good long-term investment. For those interested, today's float did not hit my ejection handle. I'm still proud and short although a little light in the pocket <g>. I still hope to be here when the shorts get there turn at the helm. The only sign of hope was the relative finish of Amazon below its high for the day, as if it matters on this stock. One last item. Volatility players, by boxing do you mean straddle or is boxing a hybrid of the straddle? I'm looking into this avenue of play should I come out this short with any money. Please forward responses on technique via private email. Congratulations to the longs and Volatility positions! Sorry for the verbosity. Daytrader, your petty attempts to induce short holder capitulation by load noise, will not work on the SI threads, try Yahoo! Bob

To: jach who wrote (32693)	1/5/1999 6:02:00 PM
From: Peter Greenhill	Read Replies (1) \| Respond to of 164684

I do not hold AMZN.But I would like to, but not at these levels. I do hold CSCO, MSFT, DELL and PIXR which have all done well but obviously not as spectacularly as the Internets. Of course the internets could continue rising at their recent pace but my gut feeling is that the downside risk is considerably greater. I will hold off and wait for a possible setback before buying. Mind you people have said MSFT is overvalued for years but it keeps going up!. Time will tell.