Amazon.com, Inc. (AMZN) Message Board

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 : Amazon.com, Inc. (AMZN)

AMZN 245.74

+1.7%

1:37 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jan Crawley who wrote (41987)	2/23/1999 4:16:00 PM
From: Sarmad Y. Hermiz	Read Replies (3) of 164684

Jan, I was out all day so I did very little. Shorted total 400 amzn in 2 batches at approx 115 and did not cover. I had a chance to cover at 114, but decided to keep them overnite. I want to test the idea that the reason for the buying and run-up is the upgrades. The Meeker note was timed to go with the company's loss pre-announcement. So, according to my current model, the party may continue tomorrow but on lower volume, and should fizzle a day or two after that. The idea is that everyone who was going to buy based on anal recommendation has done so already. And a short who is in a precarious position has been forced to cover already. Another famous name upgrade will of course spoil this scheme. But I don't think there are any.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next