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

AMZN 232.38

+0.1%

9:30 AM EST

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To: Jan Crawley who wrote (70829)	7/30/1999 12:51:00 PM
From: Olu Emuleomo	Read Replies (2) of 164684

>>>Shorted 200 Yhoo @139 15/16 this morning. Did you cover yours?<<< Covered at 135+, barely making a profit. >>>> I think that Yhoo will pull Amzn up if Yhoo goes to $150; and Amzn will take Yhoo with it if Amzn drops to $85/$90. What's your TAs say? Thanks. <<< Jan, AMZN and YHOO are both in short-term and long-term downtrends. I expect YHOO to trade under 146 for a while. Also, notice how AMZN has problems with 105? I think that's the 'neck' of the H&S. Waiting for YHOO to close under 130 and AMZN under 100. Nice vol would just confirm the SHORTING signal. --Olu E.

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