Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.23

+0.8%

3:47 PM EST

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To: Francis X. Brown III who wrote (4214)	5/11/1998 4:25:00 PM
From: William T. Katz	Read Replies (1) of 164684

Well, I covered my 200 shares shorted at 92 and 94. I keep on hearing in my head "Bulls get rich, bears get rich, pigs get slaughtered." Of course, I always pull out just before something goes up or down bigtime :) I shorted some more CDNow when it was + for day, close to 27 and covered all but 300 shares at 25. Not sure what to make of market at this point. See reasons for it to go up and down. But I've got a large cash position now. The big question is what the general market does. AMZN seems to go with NASDAQ nowadays, but fundamentally, I think CDNW [esp at higher levels] is more overvalued than AMZN.

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