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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.12

+1.6%

Dec 23 3:59 PM EST

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To: Jan Crawley who wrote (41375)	2/20/1999 11:15:00 AM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Jan, Your prev post regarding the influence of daytraders and short covering was quite accurate. Now that I am starting with clean slate in amzn, I will work with very small qty to test my ideas without coming under a lot of pressure. It will also be more fun, I hope. Until Friday, I was always trying to maintain a large short position because I was convinced that once it drops for a few days, it will accelerate down like a stone. So I was afraid I would miss the big move down if I was not short overnight. Even though it worked on the whole (in the last few weeks), the concept was proved wrong. I am relieved that we may get higher levels to short at. Good trading to you. -Sarmad

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