Amazon.com, Inc. (AMZN) Message Board

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

AMZN 242.78

+1.5%

3:38 PM EST

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To: William T. Katz who wrote (740)	11/11/1997 4:27:00 PM
From: Candle stick	Read Replies (1) of 164685

Just following my hourly charts , stochastics and bollinger bands.....if AMZN is going to bounce at all, the next 2 days will be it.....otherwise I just cut my profits short. I was short in the 60's, and when a stock falls as much as this one has in such a short period of time, I get a bit itchy to take some money.......believe me I am first in line to resell any bounce tomorrow.....I want to ride down to at least 30 dollars eventually, probably more. But nothing goes straight one way or another. There are little zigs and zags. I think I can catch this next one. I could be wrong, hope I am not. I also dont expect to see selling of the lockup shares all at once on the day of the expiration. That may let the stock rise a few points first, and then the overhang will be pushed out day after day until yearend, in my humble opinion. 66 to 47 was a nice move...a 4 or 5 point bounce is nothing to worry about, just another opportunity to short sell....I hope I get it...best of luck.....;^)

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