Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.38

+0.1%

Dec 24 12:59 PM EST

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To: Skeeter Bug who wrote (4658)	5/24/1998 1:28:00 PM
From: Bilow	Read Replies (2) of 164684

Hi Skeet; AMZN is one of those stocks that can be sold whenever its volume begins to come off of a peak. That last volume peak was pretty high... Of course the put graveyards are filled with the expired options of AMZN issues. My chart read on AMZN is as follows: The current down trend looks stable. My guess is that it will continue until it reverses with either a slide to a panic down or a sudden panic up. Either move would be associated with an increase in volume, which you should probably be on the watch for. The sudden panic up could take the stock back into 3 digits, and might be caused by good news, analyst action, etc. So to close the trade, I would use a trailing stop, maybe one say $5 above the current stock price. (Which would mean the option would decline in value less than $5.) What is your exit strategy? (If you're willing to share...) -- Carl

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