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: Kailash who wrote (16742)	1/8/1999 12:15:00 PM
From: virgil vancleave	Respond to of 18691

Seems to me to be a little "froth" in the market at this time. Especially in the net stocks, but there are other groups rallying as well. If history is any indication of what will happen, just take a look at the long term charts of a few high fliers of the past. iom, mu a few years ago and now again, and many others. I think the time for it to happen again is very near. Just my opinion.

To: Kailash who wrote (16742)	1/8/1999 12:22:00 PM
From: McNabb Brothers	Respond to of 18691

Kailash, I said the time is getting near, not that I have pulled the trigger! When AMZN is making 30 point moves in a day it does not take long to get to a price target. Still waiting and watching! When I do pull the trigger, I'm looking at selling the Feb. $200 call naked on AMZN and right now it is trading for about $28 to $30 a contract. A lot of people think that is more dangerous then selling the stock short, but really it is not. If I sell it for say $30 then AMZN will have to go to $230 for me to even begin to be hurt! Lots of time value to expire in the mean time, which I love to sell a wasting asset such as options are! Hank