Amazon.com, Inc. (AMZN) Message Board

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

AMZN 234.70

-1.2%

3:59 PM EST

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To: Eric Wells who wrote (68436)	7/20/1999 2:17:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Eric, >> I think we're going lower. I shorted EBAY again - at 113.625 (wish I had kept my short from yesterday). << I see that you like that easy money. But regarding going lower. As you know every sell-off eventually stops. My model of when it starts and stops is not well formed yet. But I think it stops when the current crop of dipsters run out of money and their accounts are closed by their broker. So the question is when will that happen ? Usually it takes 5 to 7 successive days of drops. So we're close to the bottom there. However with eBay you have another thing helping the short side. Which is the 2 or 3 cent earnings they are expected to report. Let's see. MSFT sold off after beating estimates. 40c and 20 years of uninterrupted growth and Bill Gates cannot support $100 stock price. Will 2c support 110 price ?? Some people would like you to believe that.

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