Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.75

+0.1%

12:19 PM EST

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To: LWolf who wrote (892)	11/29/1997 7:45:00 PM
From: Harry Simpson	Read Replies (2) of 164684

I have shorted this stock at 56 and got out at 45, and then shorted another good chunk at 61 and am holding for mid to low 40s. Given the volatility, you have to chose your price points well. Don't get greedy. Watch the general market, the stock float and MM momentum,...and be lucky, quite honestly. I love to buy books at Amazon...not a lot though. My wife thinks I shouldn't as long I am short the stock. What is my purchase doing to help their profits? Nothing really. I like the company, their web page, and their service. I just know a hyped stock, incredibly out of valuation with the underlying business. I love the company and hate the stock....)smiles( Lots have made money on the short side, and many have made money long. Guess who will make more money over the next three months...Probably the shorts.

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