Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.22

+1.7%

3:31 PM EST

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To: slipnsip who wrote (6754)	6/19/1998 11:36:00 AM
From: Glenn D. Rudolph	Read Replies (2) of 164684

Again, look at LCOS and XCIT. The second day of the fall isnt that significant. People try to buy it on the pull back. However, there will be more sellers than buyers.. No more margin calls or forced short covering at least for now.. Shorts can breath at least for a couple days.. Should we run back to 80, then whole new series of short covering.. We do have the many of the market makers being short calls and need stock. I still believe it will end at 60 due to the fact late afternoon the positions will be squared. Glenn

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