Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (40309)	2/16/1999 12:58:00 PM
From: Jan Crawley	Read Replies (2) of 164684

Sarmad, You are very detail oriented and watching Amzn's trading elements only and I think that this is your strength. You are aiming at $10K a day, I am aiming $500; I really wish your luck and hope that you know what you are doing. The way I see it, souce of fund for Amzn: 1. The shorts 2. The retail buying 3. Institutional support 4. E-day-traders. The #4, souce of fund from the day traders, is always "zero sum gain" in my opinion. Cuz that they close out on a daily basis. The institutions(the elephants) will only add to their positions at this price level, if they know that there is still lot of short support!! I hope that the "elephants" stays and owns more than 80% of the float. If Institution ownership is greater than 80%, shorts are dropping and shrinking; then all the elephants will be forced to dance with each other at $156 a pop!!

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