Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.19

-1.8%

Dec 12 3:59 PM EST

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To: Henry Wolfond who wrote (7792)	6/26/1998 9:35:00 PM
From: Wayners	Read Replies (1) of 164684

If I was going to short AMZN here's how I would do it. First draw the uptrend line connecting the daily lows on 8 Jun, 9 Jun, 19 Jun, and 20 June. AMZN hasn't cracked until it has broken below that trendline. However, that isn't the time to short it. The time to short it and load up on puts is when AMZN goes back up and touches this same trend line again. When it does, it will absolutely get slam dunked. A crack below the trendline now will bounce at support at just above $80. On the bounce, I'd expect it to hit that trenline again somewhere in the $95 to $100 region. A break there goes down to support in mid $60s.

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