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 : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (14250)	5/1/1999 3:04:00 PM
From: Henry Niman	Respond to of 41369

I have no AMZN position, and have no illusion that posting what was said on CNBC will have any effect on the stock price, especially stocks of the size of AOL and AMZN. They are extensively covered in the popular press and anyone who thinks that posting CNBC info will influence the price of a stock like AOL or AMZN is not viewing the markets very objectively, and has a rather unique view of these boards.

To: Jenna who wrote (14250)	5/1/1999 3:08:00 PM
From: sam	Read Replies (1) \| Respond to of 41369

Jenna: Shorting big cap net stocks in THIS market environment is simply gambling. Especially if one holds those short positions overnight. The major funds (like Tiger and Soros) short cause they CAN move the market if they throw enough money into it. But the "little guy" -- who follows the funds -- will likely get screwed. Some serious institutional short covering ended the day on Friday. Will those institutions go short again Monday? Or will they try to get the prices up so they can short again? I couldn't tell you. But what I can tell you is this -- I've seen several people who claim to be traders lose a fortune shorting AOL, AMZN and the like. But they simply aren't good "long-term" shorts until either they change fundamentally, or the FED raises interest rates. JMO