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: H James Morris who wrote (5399)	6/10/1998 3:06:00 PM
From: gbh	Read Replies (2) of 164684

I'm relatively new to the thread, but have lurking awhile. I am in a box position right now, after losing about 4 points on my intial short. There is no question that fundamentals will catch up with this stock some time down the road. It should also be clear, that right now, and possibly for another few days (weeks?) this stock is headed up. Institutions are still largely behind this company, not to mention the shorts being squeezed (and make no mistake, the squeeze is in full progress). Any naked shorts out there, should be considering (or have already implemented) some type of hedging strategy. If the ultimate goal is to see this stock down to 20-30 (or lower), then missing 5-10 points with some long shares will keep you in the game longer, and possibly create some good trading opportunities. Forget about the emotion. The object is to make money. Gary

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