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

AMZN 228.44

+0.5%

Dec 22 3:59 PM EST

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To: MoonBrother who wrote (37071)	1/27/1999 8:28:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Having been absence on this board for couple weeks, I've amazingly found out that somehow you've managed to be wrong every step with AMZN's move!!! You shorted AMZN when it was at $15 split-adjusted. and covered when it hit $190. You then bot long shares at $150(?) range, only to see it dropped to as low as $92. Somewhere in $100 ~ $110 range you sold your long shares, and went short again? Now that AMZN is hitting all cylinders and beats analysts' estimates on every aspect of the business. Looks like you're gonna lose your shorts all over again. MB, You almost have my positions correct but not quite. I was short at $15 and did cover the short at $190. Pretty bad I know. I bought long shares at $140 and sold them on a bounce at $146 and that same day AMZN closed around $130. The profit on that position was hardly anything compared to my losses on the short. I had also gone long last November at $320 but wrote covered calls at at strike of $340. The gain there was small. Currently I have no AMZN position. I do not agree with your analysis of AMZN's future but I wanted to set the record straight that my timing was poor but not quite as poor as you stated. Glenn

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