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

AMZN 232.93

-2.4%

Feb 4 3:59 PM EST

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To: Peter Goss who wrote (690)	11/4/1997 10:23:00 PM
From: Tabby	Read Replies (3) of 164685

Peter, I got out 2/3 of my position on Wed. Then shorted against the box @ 65 on the rest two days later. That's the beauty of being on the long side. I've closed both long & short positions on AMZN today. What am I going to do next few days? Just watch the tape. Once I sense the short squeeze, I'll buy without any doubt. Have you seen the Yahoo style of short squeeze today? My broker called me around 2:30. We decide to buy on the pull back if any. 5K@47.5 and another 5K @47. We only got 3K @47.5 and sold at closing. Keep in mind, the float of AMZN is much lower than YHOO. The squeeze will be .... You certainly will make money some day in 1998 if you have short position now. But, PRST did go to 200, ZITL did go to 70 from single digit, OCCF did go to 136 from teens, ... and the story goes on forever. No one knows the limit of AMZN. NEVER underestimate the power of the market. Again, take the dip as an opportunity to exit your short position and sleep well.

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