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

AMZN 227.03

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10:56 AM EST

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To: HG who wrote (87436)	12/14/1999 4:39:00 PM
From: Eric Wells	Read Replies (1) of 164684

Are you comfortable holding the short positions thru Jan ? No. Generally, I feel comfortable holding a short position about 4-5 hours - maybe a day. I held my current positions through market close today because everything seemed to be pretty weak - and I guess I'm hoping for a weak open tomorrow (RHAT has opened down every day for the past 3 days). I'm thinking through a couple of potential strategies for new year's and Y2k - I'm not sure I would feel comfortable with any naked short positions. I agree that the first week of January may be strong (provided there are no Y2k blow-ups), however, if the Nasdaq doesn't correct before January, I would think that there might be an increased risk of correction in January. But what do I know? -Eric

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