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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST
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To: gjhinc who wrote (47942)3/29/1999 6:40:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 164684
 
I shorted 300 shares amzn today near 150. My reasons were that

1- there was no follow through to the gap up. Volume became very low very fast after the open.

2- ebay did not drop much, meaning ebay holders did not consider amzn much of a threat.

3- even with dow and nasdaq exploding up, amzn barely held its open price.

I know you do charts and TA. Do you mind telling what are the reasons to short it today ?
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