Working All Day, But Trading Behind the Bosses Back Thread Message Board

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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: Cymeed who wrote (394)	2/4/1999 9:06:00 PM
From: Mark[ox5]	of 779

Cymeed, I am on the opposite side of you for AMZN (but we hopefully both will win!), but I agree 100% the chart sucks big time. AMZN could not hold $124 which it needed too, but this market sure ain't helping is it? I have to say.. and I hinted of this in the past, AMZN is my least favorite of the "big internet stocks"... it has a lot of competition coming it's way, and unlike Yahoo or even a BCST ... doesnt have much in the way of technology ... nothing that Barnes and Noble or Tower Records or Borders Books or about 50 DVD/VHS sites can't compete against them with. This was more of a short term play... we shall see how it works out.. Not worried (yet) :) I bought my 2nd set of AMZN options Tue (or Wed) when AMZN was down in the low 110 range so those should pay off... the 1st set I bought Im hoping for break even at this point. I think with a better market environment it would of held $125 or so... but I will wait and hold and if by the Wednesday after next (the 17th) I will be out of the options win, lose or draw (I dont hold options the 2 days before expiration... too much manipulation) Look for downside on AMZN to $105 area... AOL long term winner... SUNW took a great dive today... that could be shaping up for a nice buy too... but I have to look at some charts tonight... heard NASDAQ took 3rd worst beating ever , eek. NAVR options start tommorow... I dont know about it.. I dont think Im going to touch it at this point.. if they dont announce in next 2 days could tank. This afternoon I did sell PWCC... not so much because I didnt want to keep it but I had a 35% gain in 4 days and I wanted the protection of some cash in case the market tanks further ... no more margin calls ... I was hoping to re-enter at $16 if possible, but it didnt tank :) Mark

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