Amazon.com, Inc. (AMZN) Message Board

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

AMZN 221.24

-0.6%

Dec 17 3:59 PM EST

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To: McNabb Brothers who wrote (69659)	7/26/1999 12:42:00 PM
From: Sarmad Y. Hermiz	Read Replies (3) of 164684

>> These bounces are great to sell into and I'm adding to my naked calls on AMZN. This stock will go lower from here and higher from here but over the longer term it is still in a major down trend! << Hank, Since May I have been trading amzn as though it is in a trading range from 100 to 130. With the most likely values from 110 to 120. I buy gradually from 110 and under and sell gradually from 120 and over. It has worked well. I don't see any TA reason for amzn to stay below 100. The times it went there, it had help from the DJII and NASDAQ baskets. However, if your position is fundamental, that's totally different.

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