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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: Moominoid who wrote (2502)	12/21/1998 10:46:00 PM
From: TechTrader42	Read Replies (2) of 99985

"I give up.... DELL burst out above $69. I don't think any market direction analysis makes much sense now. What internet stocks do you recommend I buy <g>? Buy AMZN if it breaks through resistance at 800 (a reasonable price given earnings expectations for the year 2598 (providing that large populations of consumer-oriented extraterrestrials have been discovered and that they're interested in buying books and music on back order -- and that FedEx resolves its astronauts' strike). Hold it a few hours until it hits 1,600 (not far above analysts expectations today, actually), and then short it (on the black market if your brokerage has hoarded all the shares for itself). Cover a few minutes later at 25 cents. Use the 25 cents to buy 500 new hardcover books from Amazon.com, which will be reducing prices to compete with other booksellers on the Internet. Brooke

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