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Strategies & Market Trends : The Stock Market Bubble

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To: yard_man who wrote (2426)	12/16/1998 12:27:00 PM
From: Arik T.G.	Read Replies (2) of 3339

>>Still got your AMZN? Unfortunately, no. Bot 6 Dec 230 @ 5 1/4 a few days ago, and sold yesterday averaging 10 1/4. It was worth 60 today. What a miss! Also bot 3 Dec 240 yesterday @ 4 3/8 and sold @ 7 3/4 just before the close. Anyway, today open looks like exhaustion gap, and today could mark the all time high for this stock, although IMO it will take time before the crash & burn. Maybe another rally from 245 to 285 will precede the fall. There is a possibility that after 3 days of correction to 250 area the next rally will see marginally higher high, but today looks to me like a good day to initiate a short position on this gigantic bubble. ATG

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