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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Bill Harmond who wrote (83034)	11/3/1999 5:38:00 PM
From: Eric Wells	Read Replies (1) of 164684

>>I just don't understand William: here are the factors that went into my decision to short ICGE: 1. ICGE has had an incredible rise in value since it's IPO in early August. 2. The past 2 days ICGE has risen nearly 30 points, or roughly 28% on no news. 3. European banks stand to raise interest rates tomorrow. 4. We're likely to get a bad employment report on Friday. 5. The overall market has been up for the past week. I believe there is a good chance that the market will be down tomorrow and Friday based on the above. And that being the case, I believe that stocks that have overextended themselves, such as ICGE, may go down more than others. This is why I took out a small short position on ICGE - and believe me the position was small. Similar logic to the above has allowed me to make a good deal of money shorting other stocks. Thanks, -Eric

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