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 : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Jon K. who wrote (14635)	2/25/1999 11:33:00 PM
From: Katelew	Read Replies (1) \| Respond to of 122087

Hi Jon, Let me suggest you just watch AMZN for awhile. One....the street likes Amazon's diversification into pharmaceuticals and two.....Merrill Lynch just hired a new hot-shot analyst to expand and update their coverage of internets.....Jonathan Cohen is gone!!!!!! Merrill's been PITIFUL, PITIFUL in getting in tune with the market potential of the internet and will probably jump on the bandwagon bigtime. Merrill's been neutral to sligghtly negative on AMZN for the last zillion points. If they turn positive, you don't want to be in the way of their brokers!!!!! How pitiful has Merrill been???? In October of 1996 I had 400 shares of AOL in my IRA bought at 27 and sold for a small profit when J. Cohen became very negative over AOL's acquisition of Compuserve. That was either 5 or 6 splits ago.....worth millions today. After the market slide last fall, I started to buy it again at 75 but deferred to Cohen's negativity of valuation basis . Bot some net peripherals instead....some internet security cos. which have more than doubled...but nothing compared to the guerrillas. How pitiful has Merrill been???? Lst month (maybe still) they were hawking UBID even though 2/3 of UBID's float is in the hands of short sellers. Merrill will geet on the right side of the nets eventually...every broker there is unhappy with the situation and ready to get their clients into the nets ina bigger way. At any rate, I would be cautious with AMZN (short). I'm wathcing for a possibility of going long for a trade. Just my opinion.....although I do think the bloom is off the internet rose and a major adjustment in valuations is out there somewhere....probably within 6 mos. Best wishes, Daisy

To: Jon K. who wrote (14635)	2/25/1999 11:57:00 PM
From: Jay Fisk	Read Replies (1) \| Respond to of 122087

I'm flat on PDX, could go either way. I watched it go from 26 to 33 with an unusual number of fat blocks in the 2000-8000 range, as I think MD's trade PDX more than the daytraders, so that's not too unusual. The tipoff was the microsize bid and ask, mondo spreads (up to 3/4 point, and the high number of buys above the ask. Looked like MM walking PDX up. Very few prints inside. Could be an effect of "good news" or rumor traveling from PDX (or someone close) thru the MD grapevine. The buyers just seemed to buy at whatever price was asked, very little arbitration IMO. I think the burst of short selling from 33 to 30 was a minor blip in someone's gameplan, too bad Tony wasn't here to drop a few 10K blocks to really make their day !