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Beware Barrons, as they are always bearish anyway. So there input is a
constant negative and therefore of no value to a bearish case. A better
indicator might be the usual bullish boards, or thestreet.com. If they go a
bit sour, than the time might be rife as indeed buyers will pass on that one
this time, opening the door for nice breaks...
Gwenn
Joe Frabosilio wrote:
> I've been waiting a long time to look to short these two stocks. The
> main problem is waiting for the right news and for investors to wake
> up. I didn't want to go short because the stock was, in my thoughts too
> high.
>
> AMZN: Reported in Barrons Jan 24, 2000 page MW5. " On Friday, CNBC
> reported rumors that the company may require additional financing given
> its sizable losses and expectations the heavy losses would continue.
> The company, however, did have ample cash reserves of $905 million at
> the end of the third quarter. There also were Internet chat page rumors
> that AMZN is getting ready to announce layoffs. Any layoffs could be
> the result of the normal seasonal downturn in orders after Christmas.
> Investors now are nervously awaiting its earnings report, which is due
> February 2."
>
> I am waiting for AMZN to break below the 55 5/16 level. But may watch it
> bounce up to $73 3/4
>
> RHAT: Insiders are selling and volume is haveing a hard time reaching
> the Avg. Vol ( according to Yahoo detail charts). The highest Volume
> was on 8/11/99 of 35 million shares.
>
> Has been bounceing off of the 25% line for a while, looking for this to
> bounce off of the 50% a couple of times then short.
>
> Would like this to happen sooner than later,
>
> Joe Frabosilio
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