Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Thomas Dremel who wrote (34550)	1/12/1999 7:36:00 PM
From: GST	Read Replies (1) of 164684

Thomas -- sounds about right, but it will take a few days to get there. Along the way it will suck more money out of day traders who buy the dips than it did from shorts on the way up. I have a question -- if everybody in this stock is a day trader, who takes it home at night? How do day traders deal with a gap down? What happens to your stops when the market opens below them? Say you set your stops at 150 and the market opens at 120? Are you closed out at 120? People who takes this home must be assuming they can control their risk, and hope for a gap up. This will get interesting. Margined two to one, you could get stopped out and lose half your position in the first minute of trading. The shorts of the last few weeks could probably give the best advice on how to explain that to your wife. What happens if you get back in the same day and it happens twice, or three times. Wiped out in a week?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next