Amazon.com, Inc. (AMZN) Message Board

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

AMZN 238.63

-1.8%

Feb 3 3:59 PM EST

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To: jawd who wrote (9089)	7/6/1998 11:03:00 PM
From: Dwight E. Karlsen	Read Replies (2) of 164685

I'm wondering if anybody is still shorting AMZN now. Not shorting, but definitely still short with puts. Can you believe those stupid MMs are still willing to give me $1.188 per contract for my July 95s? Only nine (9) trading days left on those, and the stock is at 140! Definitely strange. I think we've got more bulls on this thread now than bears... Well you know what they say...the top comes when everyone is invested...can't be too far... Have't looked at my charts yet, but per my analysis over the weekend, the new 5 day ema is holding up quite well. In fact, this new 5 day ema may actually be curving even more sharply upwards...a good sign of blow-off top. Yahoo earnings are what, Wed after the close? And this stock and Yhoo seem to be quite desperate to make their moves prior to Yhoo earnings....wonder why, boys? Can you say "sell the news"? I'm at least proud to say that I've resisted any urge to buy any puts since the stock last topped 100. The higher they go, the further they fall.......this should eventually be one glorious burnout, and unfortunately leaving a trail of burnt newbies and other falling knife-grabbers. Man I don't even want to look at this thread when that happens. A world o' hurt is coming down the pike over the next 6 months or so. Whenever it happens. But we all know it eventually will. Just a matter o' time. DK

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