Amazon.com, Inc. (AMZN) Message Board

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

AMZN 228.86

-1.5%

3:24 PM EST

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To: Walter High who wrote (5412)	6/10/1998 4:18:00 PM
From: gbh	Read Replies (1) of 164684

My question is why do you all keep thinking the demise is about to happen any day? In case you haven't noticed, the tone of thread has changed quite a bit the last few days, as more short realize the demise WILL NOT happen any day. Can anyone give a logical reason why you shouldn't wait until the knife begins to fall? I for one (probably like most) felt the knife had begun to fall, after the last earnings, and that big bond deal. I just recently initiated a short at 45. I thought it was a dead cat bounce to there, with 48-50 being the downside (for my short) risk. Obviously I was wrong. I boxed my position yesterday at 49 1/2, and added to the short (and long) today at 52. So I'm down 4.5 points, and currently boxed, waiting for the squeeze to end. I won't unbox until I see under 50. If that doesn't happen in the next month, I'll cut and run. Gary

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