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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: gbh who wrote (6733)	6/19/1998 10:49:00 AM
From: William T. Katz	Read Replies (1) of 164684

Gary, how do you decide where to put the buy stop? Someone before mentioned they like to give a $2 buffer to capitalize on momentum while preventing retrace. I put my first buy stop at 71 1/2, just above the opening gap down figuring there is some resistance there (is that true technically?). Do you keep moving your stop buy as the stock drops to lock in profit yet leave a $2 buffer? And if lots of people do that, could the big boys just start playing with the stock to set off those stop orders? -Bill

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