Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (53900)	7/30/1999 4:32:00 PM
From: Jenna	Read Replies (1) of 120523

AMZN, CMNT Funny you should choose those shorts.. I ws in AMZN 101.16 and it promptly went to 102.16. CMTN went in about 124 went promptly to 127.. but I just did not want to get shut out (a second time) so I held till the bitter end, so these were 'lucky' not a lot gained , nothing like the great shorts I had on EBAY, EXDS, CUST, YHOO.. But I have patientce I do think both AMZN and CMNT have more downside. As i was contemplating but not very seriously just getting out it suddenly started to drop so I just held on.. so it was far from a classic short, more like a 'lucky shot' The way I figure shorts (again I'm no specialist) is not to run out on the first uptrend of the stock but if you are convinced the stock has downside, just ride the little gains until the big drop comes. But the longs were holding up very well. I did manage to do a lot of residual work this afternoon, so even if I were down 2 aI just don't feel CMTN is worth the price, but again i'm looking at more rationally that technically. It's to overpriced and I'll wait.

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