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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (13707)9/1/1998 1:15:00 AM
From: majormember  Read Replies (1) of 120523
 
<Some traders I know loaded up on the 'beaten down' stocks near
the close hoping not to miss out on the potential rebound rally.>
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Jenna...presumably these traders did not load up on AMZN. I find
it strange that many who have knocked AMZN for no earnings and
advocate a "flight to quality" philosophy, are now stating they
expect AMZN to trade back up to $110. Fortunately, I have a good
amount of Aug. 85 puts I plan to sell when the stock hits $70
(hopefully today)......Regards, Skane
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