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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.39+1.3%3:59 PM EST

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To: bambs who wrote (42078)11/1/2000 5:51:09 PM
From: The Phoenix  Read Replies (2) of 77400
 
OT OT

Bambs,

Given that $40 would have been at 10%+ gain I'm not surprise that AMZN didn't break
$40 today. But the small investor will be buying AMZN into xmas season..probably not a good time to short.
Also, the double top break today is positive. If I were you I'd exit that short position at $33... should it go
that low again. FWIW if you were looking at the chart you should have never
gone short at $33 1/2. Bad move. If this pup breaks $43 you'd better run for your life!

Like I said... expect a retrace to $33-$34... and get out if it fails to go lower... immediately.

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